USA: Stocks Hold Rebound.

US stocks closed higher on Wednesday with support from lower energy prices ahead of Nvidia's earnings results, due to update the state of the AI economy that has supported the stock market this year. The S&P 500 added 1% while the Dow and Nasdaq 100 gained 1.2%. Three supertankers left the Strait of Hormuz with full cargoes as President Trump stated a deal with Iran could come soon, taming concerns of energy inflation. Nvidia gained 1.5% as it is likely to confirm sharp growth in earnings and orders, but the tone of its guidance is due to impact the whole tech sector as AI spending has carried the US investment and underpin productivity growth and infrastructure expenditure in coming years. The AI sector was also supported by reports that OpenAI is preparing to file for an IPO as soon as Friday, paving the way for more AI spending. Meanwhile, TJX and Target were both higher following their results. Broader sectors were also higher as yields retreated, despite hawkish Fed minutes.