03:56 PM EDT, 05/20/2026 (MT Newswires) -- US equity indexes jumped ahead of Nvidia's ( NVDA ) earnings and as government bond yields sank amid a slide in crude oil futures.

The Nasdaq Composite jumped 1.4% to 26,221.2, with the S&P 500 up 1% to 7,426.5 and the Dow Jones Industrial Average higher by 1.3% to 50,023.7 ahead of Wednesday's close.

Nvidia's ( NVDA ) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia ( NVDA ) stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation."

Iran negotiations are in the final stages, Reuters cited President Donald Trump as saying on Wednesday. But the US president warned of further attacks unless Tehran agrees to a deal.

West Texas Intermediate crude oil futures dropped 5.7% to $98.19, while Brent crude futures slumped 5.7% to $104.91.

US Treasury yields fell, with the 30-year down seven basis points to 5.11%, retreating from its highest since 2007. The 10-year dropped 9.9 basis points to 4.57%, also declining from its strongest level in more than a year.

A majority of FOMC participants appear to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting released Wednesday showed.