Oil slide lifts U.S. stocks as Nvidia fuels AI-space push ahead of Fed decision

Stocks rallied Monday as oil cooled, with the S&P 500 up about 1%, the Dow around 0.8% higher and the Nasdaq up roughly 1.2%; S&P 500 futures were near flat after-hours. Nvidia rose ~1.7% after announcing AI-space data-center initiatives at its GTC conference, helping lift tech leadership. Investors are weighing the U.S.-Iran conflict while awaiting this week’s Federal Reserve decision, amid a backdrop of contained inflation and a still-tight labor market. Asia-Pacific markets opened higher on the oil-theme, as traders monitor energy prices and geopolitical developments.