Equities Steady as Oil Eases, Chips Recover Before Nvidia Results

Wall Street clawed back ground on Tuesday as a dip in crude prices and a pullback in Treasury yields offered some relief to investors. Brent slipped below the $90 mark, helping to ease inflation concerns, while the chip sector snapped a seven-session losing streak, with Nvidia shares firming ahead of its highly anticipated earnings release.

Retail weakness, however, kept the tone cautious. Dick's Sporting Goods cratered after cutting its guidance, a fresh sign that consumer spending may be cooling. In contrast, Apple pushed its Mac lineup further into the artificial intelligence arena, signaling continued corporate investment in AI capabilities despite broader market uncertainty.

The spotlight now turns to Nvidia's Wednesday print, which could set the direction for technology stocks and the wider market. Investors are also bracing for the upcoming PCE inflation report and the first major speech from Fed Governor Warsh at the Jackson Hole symposium, both seen as key inputs for the central bank's policy path.

Together, lower oil prices and softer yields have helped stabilize risk appetite, but the mood remains tentative with major catalysts lined up. Traders are likely to stay on edge until the dust settles around these events, with Nvidia expected to dominate near-term sentiment.