Power Breakfast: Dow Fights Back To Close Higher As Nvidia Shines, PCE Inflation Report Looms

US markets closed higher after 4 consecutive days of decline amid volatility. The Dow jumped 350 points from lower levels to close 100 points higher. Japan's core consumer inflation hit a fresh 41-year high in January, rising at the fastest pace since 1981. The 10-year bond yield slipped below 3.9%. Nvidia's stock jumped 14% on the basis of strong results. US Q4 GDP estimates reduced from 2.9%. to 2.7%. Today all eyes on the personal consumption expenditure data. Shares of Rolls Royce jumped 23% on the back of strong results. CPI in Europe increased from 5.2% to 5.3%.