Dow rebounds 295 points as Nvidia leads three-session losing streak reversal

  • Dow Jones Industrial Average rebounded, ending its three-session losing streak.
  • October WTI crude settled up 0.58% at $90.74 per barrel.
  • ADP August private payroll growth slowed from July and missed market expectations.

The Dow Jones Industrial Average rose 295.07 points, or 0.55%, to 53,061.95 on Tuesday, ending a three-session decline. The Nasdaq Composite gained 0.45% to 26,217.828 as bargain hunters bought selected blue-chip stocks. Nvidia surged 3% amid reports of advanced talks to acquire Hugging Face, while Dell Technologies rallied after raising its full-year revenue outlook on strong AI-server demand. Alphabet benefited from a court ruling requiring changes to its advertising technology unit rather than an advertising-business divestiture, as well as a new AI model from Google. Weaker-than-expected August private payroll growth in the ADP National Employment Report and dovish comments from New York Fed President John Williams reduced rate-hike expectations and supported equities, although long-term Treasury yields briefly reached 4.81%. The dollar weakened against the yen and euro, while October WTI crude settled 0.58% higher at $90.74 a barrel amid supply concerns linked to tanker attacks in the Strait of Hormuz.

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