All 3 major U.S. indexes jumped 2% or more on the same day for the first time since April$NVIDIA(NVDA.US) was the worst …

All 3 major U.S. indexes jumped 2% or more on the same day for the first time since April

$NVIDIA(NVDA.US) was the worst stock in the Dow, falling 4.3% to $178.67 as its board investigates CEO Jensen Huang

The Nasdaq rose 2.7% to 25,253 and climbed back out of correction territory

The S&P 500 gained 2.3% to 7,549.94 and the Dow added 1,104 points to 52,389.75

$AMD(AMD.US) led the chip bounce with a 13.3% jump, while $Monolithic Power(MPWR.US) rose 16.6%, $Teradyne(TER.US) 12.7%, $Micron Tech(MU.US) 6.3% and $Sandisk(SNDK.US) 6.2%

$Caterpillar(CAT.US) gained 7.2% for the best day in the Dow after falling more than 10% last week

Oil kept sliding on Iran deal hopes, with WTI settling at $86.85, its lowest close since August 31, and Brent down 5.85% to $92.57

October CPI lands tomorrow morning with futures pricing an 84% chance of a December Fed hike

The market just showed it can rally hard without $NVIDIA(NVDA.US) carrying it, and cheaper oil is doing a lot of the lifting. Tomorrow's CPI decides whether this bounce has legs or hike fears take over again

Source: StockMarket.News