Stocks Soar as Trump Says Iran Talks in “Final Stages” and Nvidia Delivers

Wall Street surged on Wednesday as Trump said Iran talks were in the “final stages,” sending oil plunging 5.5% and lifting both stocks and bonds. The S&P 500 jumped 1.1% to 7,432.24, the Dow reclaimed 50,000, and the SOX index leapt 4.5%. After hours, Nvidia beat on revenue ($81.62B vs $78.86B est), guided Q2 to $91B (vs $87B est), announced an $80 billion buyback and raised its dividend to $0.25. Fed minutes showed a majority of officials warned hikes “would likely become appropriate” if inflation persists. SpaceX filed for its Nasdaq IPO. Anthropic’s revenue is projected to more than double to $10.9B in Q2 with its first operating profit. ASX 200 futures +1.2%.