Nasdaq Jumps 1.5%, Records Sharp Quarterly Gains: Investor Sentiment Improves, Greed Index in ‘Fear’ Zone
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday. U.S. stocks settled higher on Tuesday, with the Nasdaq Composite gaining around 1.5% during the session. Shares of Nvidia Corp. (NASDAQ: NVDA ) rose 2.6%, while Advanced Micro Devices Inc. (NASDAQ: AMD ) surged 7.7% on Tuesday. The Dow jumped 8.9% during the first half of the year, recording its best first-half performance since 2021. The S&P 500 gained 9.6%, while the Nasdaq climbed more than 12%. The S&P 500 climbed 14.9%, while the Nasdaq surged 21.4% in the second quarter, notching its biggest quarterly gains since the second quarter of 2020. The Dow also climbed 12.9%, notching its best quarter since the fourth quarter of 2022. On the economic data front, the S&P Cotality Case-Shiller home price index rose 1.1% year-over-y...
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday. S. 5% during the session. Shares of Nvidia Corp.
6%, while Advanced Micro Devices Inc. 7% on Tuesday. 9% during the first half of the year, recording its best first-half performance since 2021. 6%, while the Nasdaq climbed more than 12%.
4% in the second quarter, notching its biggest quarterly gains since the second quarter of 2020. 9%, notching its best quarter since the fourth quarter of 2022. 9% gain in the previous month and topping market estimates. 7 in the prior month.
Most sectors on the S&P 500 closed on a negative note, with real estate, utilities and consumer staples stocks recording the biggest losses on Tuesday. However, information technology and industrials stocks were the top performers. 20 on Tuesday. 72 during Tuesday’s session.
, Inc (NYSE: MSM ) today. What Is CNN Business Fear & Greed Index? 3. The Fear & Greed Index is a measure of the current market sentiment.
It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness. Photo via Shutterstock