Stocks Rebound on Nvidia Earnings and Fed Chair's Jackson Hole Address

Stocks rebounded on Tuesday after Monday's losses, driven by Nvidia's upcoming earnings and Federal Reserve Chair Kevin Warsh's address at Jackson Hole. The Dow Jones Industrial Average rose 0.30%, while the S&P 500 gained 0.32%. The tech-heavy Nasdaq Composite outperformed, climbing 0.66%.

Bond yields fell, with the benchmark 10-year Treasury dropping to 4.637. This follows Monday's drop in bond yields after a report that the Treasury could dip into its $1 trillion General Account to fund debt buybacks. However, strategists from Goldman Sachs and Wells Fargo said this strategy won't meaningfully reset long-term yields.

Nvidia is set to release its quarterly earnings, with investors looking for evidence of continued momentum in the artificial intelligence boom. The chip giant is expected to report fiscal second-quarter adjusted earnings of $2.09 per share on revenue of roughly $92 billion, a 96% increase from last year.