S&P 500 AND NASDAQ GAIN AS INVESTORS AWAIT NVIDIA EARNINGS

The S&P 500 and the Nasdaq rebounded on Monday, recovering some losses as Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration and investors awaited quarterly results from AI leader Nvidia.

Earnings from Nvidia, which is third-quarter earnings on Wednesday, will be crucial as investors assess if the euphoria around AI, which drove much of markets' rally this year, can be sustained.

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