The Dow gained 800 points, or 1.7%, and the broader S&P 500 rose 1.6%. The Nasdaq was about 1.7% higher. The rally came after New York Federal Reserve President John Williams said he supported lowering near-term interest rates, giving traders hope that they could get a December rate cut, after all.

Management expects its 2025 revenue to total just $2.5 million. However, once all 2,000 robots are operating in the Uber Eats network in 2026, it believes its annual revenue could increase tenfold to $25 million. Serve's losses are much easier to stomach with that kind of growth in the pipeline, but there is little room for error.

The better market mood triggered by Nvidia's barnstorming earnings and outlook is reducing concerns about sharp, and possibly negative, stock market moves. The Cboe Volatility index (VIX), is an option-derived measure of expected S&P 500 moves,

The U.S. stock market is slumping as superstars swept up in the mania around artificial-intelligence technology keep weakening. The S&P 500 fell 1.5% Thursday.

The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble". Not even Nvidia and its CEO, Jensen Huang, could allay those fears

The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown.

The Nifty bulls would want to end this week, which has been a good one for them, on a high. The index came within 35 points of reclaiming its 2024-peak, but failed to do so and cooled off from those levels.

Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.