Major stock indexes soared ahead of highly anticipating quarterly results from AI juggernaut Nvidia on Wednesday, as oil prices plunged on hopes a U.S.-Iran peace deal was near.

Dow, S&P 500, and Nasdaq futures are also falling in premarket trading Tuesday as the stock market tech rally falters and President Donald Trump gives hope on peace in the Iran war.

On May 20, 2026, Nvidia’s pre-earnings rally helped power a broader rebound as easing yields and oil prices calmed recent market jitters.

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Wall Street weighs the outcome of Trump’s China summit after the Dow reclaimed 50,000 and the S&P 500 hit another record high.

The CAPE ratio measures the current price of the S&P 500 divided by the average of inflation-adjusted earnings per share (EPS) over the past 10 years. Unlike the standard price-to-earnings (P/E) ratio,

Learn more Poet Technologies (NASDAQ:POET), which designs and manufactures photonic integrated circuits and optical engines, closed at $13.07, down 8.02%. Shares declined after the company completed a $400 million registered direct offering,

Nifty Oil & Gas was the top-performing sector, while FMCG lagged. Bank and Metal indices snapped a three-day losing streak, while Pharma and IT ended lower after recent gains.

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.) U.S. stock futures rose on Wednesday following two consecutive days of lower closes for the S&P 500 and Nasdaq 100 indices on Tuesday.