The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the “Neutral” zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Nasdaq Composite gaining more than 1% during the session, driven by gains in mega-cap tech and AI-linked names. Software stocks extended their rebound for a second straight session, making the group the top-performing industry.
In earnings, CAVA Group Inc. (NYSE:CAVA) jumped over 26% after the company reported better-than-expected quarterly financial results, while Everus Construction Group Inc. (NYSE:ECG) advanced almost 25%. Lowe’s Companies Inc. (NYSE:LOW) reported upbeat earnings for the fourth quarter but issued weak earnings guidance.
On the …