Nvidia Earnings, Inflation Data Set to Drive Market's Next Move

U.S. stocks posted gains on Tuesday as investors prepared for Nvidia's quarterly earnings and a key inflation reading due Wednesday.

The S&P 500 led the charge, rising 0.4%, while the Dow Jones Industrial Average added 0.2% and the Nasdaq Composite advanced 0.5%.

Technology shares drove the gains, with consumer staples lagging behind.

Nvidia's earnings are set to be closely watched for insight into demand for artificial intelligence infrastructure, a key growth area for the tech sector.

The company's results will also influence expectations for Federal Reserve policy and potentially drive the market's next major move.