Bitget UEX Daily | U.S. stocks broadly rise while Nvidia falls alone; oil prices plunge, easing inflation concerns; CPI to set the tone tonight

Oil prices fell sharply, with WTI December futures down 4.38% to $86.85 a barrel and Brent January futures down 5.85% to $92.57, as diplomatic signals from Washington eased fears of a Middle East supply escalation and helped US stocks rally more than 2%. The move lifted six of the Magnificent Seven tech giants, but Nvidia bucked the trend and fell 4.27% to $178.67 after its board launched an independent investigation into safety issues raised in external reports, while AMD jumped 13.26%. Crypto did not match the equity rebound: BTC traded at $75,080.92, down 0.23% and about 0.65% below Strategy's average holding cost of $75,456 across 850,364 BTC, ETH fell 0.69% to $2,128.46, and total crypto market cap slipped 1.81% to roughly $2.52 trillion on $75.57 billion in 24-hour volume. China's October CPI rose 0.7% year-on-year with core CPI up 0.8%, while PPI climbed 5.7%, highlighting divergent cost pressures across the supply chain. Investors now await the US CPI print for core price momentum and any dollar and Treasury yield response, with CoreWeave's post-close earnings and Nvidia's investigation updates as the next catalysts to watch.