Dow, S&P 500 Settle At Record Highs, Best Buy Reports Weaker Than Expected Earnings: Fear Index Remains In 'Greed' Zone

Market Sentiment and Index Performance - The CNN Money Fear and Greed index showed a slight improvement, remaining in the "Greed" zone at 64.4, up from 64.2 [1][6] - U S stocks closed higher, with the Dow Jones and S&P 500 reaching new record levels The Dow Jones rose by around 124 points to 44,860 31, while the S&P 500 increased by 0 57% to 6,021 63 and the Nasdaq Composite rose by 0 63% to 19,175 58 [1][4] Company Earnings and Guidance - Dick's Sporting Goods Inc reported upbeat earnings for its third quarter [2] - Kohl's Corporation reported worse-than-expected third-quarter results, cut its FY24 EPS guidance, and projected a net sales decrease of 7%-8% [2] - Best Buy Co Inc reported weaker-than-expected earnings for its fiscal 2025 third quarter [2] Economic Data and Sector Performance - The S&P CoreLogic Case-Shiller home price index rose 4 6% year-over-year in September, down from a 5 2% increase in August [3] - Sales of new single-family homes in the U S dipped by 17 3% to an annualized rate of 610,000 in October [3] - Most sectors on the S&P 500 closed positively, with utilities, communication services, and consumer discretionary stocks recording the biggest gains Energy and materials stocks closed lower [4] Upcoming Earnings - Investors are awaiting earnings results from Frontline plc and Golden Ocean Group Limited [5]