The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.
U.S. stocks settled higher on Thursday, with the Nasdaq Composite gaining more than 200 points, a day after the Federal Reserve cut rates by 25 basis points and signaled more easing ahead.
Tech stocks led the charge. Intel Corp. (NASDAQ:INTC) skyrocketed 23% after Nvidia Corp. (NASDAQ:NVDA) pledged a $5 billion investment to co-develop PC and data center chips.
CrowdStrike Holdings Inc. (NASDAQ:CRWD) rallied around 13% on Thursday after unveiling long-term AI initiatives and revenue targets, forecasting annual recurring revenue growth …