Stocks Close Up Ahead of Nvidia Earnings Report

US Stock Market Performance: The S&P 500, Dow Jones, and Nasdaq indexes closed higher on Wednesday, recovering from earlier losses, with Nvidia and Alphabet leading gains in tech stocks, while energy producers faced declines due to falling oil prices.

Federal Reserve Rate Expectations: The likelihood of a Fed rate cut at the upcoming FOMC meeting decreased significantly after the BLS canceled the October employment report, with current expectations at 30% compared to 70% the previous week.

Corporate Earnings Overview: Q3 earnings season is nearing completion, with 82% of S&P 500 companies exceeding forecasts, resulting in a 14.6% rise in earnings, significantly above the expected 7.2% growth.

Global Market Trends: Overseas markets showed mixed results, with the Euro Stoxx 50 and China's Shanghai Composite gaining slightly, while Japan's Nikkei fell to a one-month low, reflecting varied international economic conditions.