Nvidia Earnings Tonight: The Setup Behind the 6.5% Move

Wednesday's session had a lot moving at once. The dominant macro story was the FOMC minutes, which landed with a distinctly hawkish flavour — the vast majority of participants flagged that inflation returning to 2% could take longer than expected, and more members reportedly wanted to remove the easing bias than the official vote count suggested [1][2]. That said, markets did not collapse on the news. Equities held gains, with the S&P 500 up nearly 1% and the Dow outperforming, partly because the Iran peace deal narrative was doing some offsetting work — bond yields eased from recent highs and oil pulled back…