Wall Street's main indexes turned higher on Thursday as oil prices fell and investors hoped for a Middle East peace deal.
Stocks clawed back gains while oil shifted from a rally to a slight decline. Investors monitored social media for peace progress.
At 2:28 p.m. EDT, the Dow rose 360 points, or 0.72%, to 50,369.76. The S&P 500 gained 0.27%, and the Nasdaq added 0.24%.
Walmart tumbled 6.6% after forecasting lower second-quarter profit. CFO said consumers feel pressure from high fuel prices.
Nvidia shares fell 1.5% as some investors took profits. The AI heavyweight's growth pace has slowed amid competition fears.
IBM jumped 11.3% on news of U.S. funding for quantum computing ventures, including a new IBM project.
