U.S. stock markets gained traction with the Dow rising 1.1% following strong earnings from Nvidia and Salesforce. However, concerns over high valuations and slowing GDP growth persist. Other noteworthy market movements included significant gains from Elastic and Gap, while Reddit faced a downturn. Geopolitical tensions, particularly from the Russia-Ukraine war, continue to affect oil and gold prices, with Asian markets, including Japan's Nikkei, responding positively. Analysts warn potential for market corrections should inflation rise.