Dow Jumps Nearly 600 Points As Recession Fears Ease, Tesla Rallies 12%: Greed Index Moves To 'Fear' Zone

Market Sentiment - The CNN Money Fear and Greed index improved, moving to the "Fear" zone with a current reading of 27.9, up from 23.4 [6] - U.S. stocks experienced a positive session, with the Dow Jones index rising nearly 600 points [1][4] Economic Indicators - The Chicago Fed National Activity Index increased to 0.18 in February from -0.08 in January [3] - The S&P Global services PMI rose to 54.3 in March, up from 51 in February, indicating a rebound in services activity [3] - The S&P Global US Manufacturing PMI decreased to 49.8 in March from 52.7 in the previous month [3] Sector Performance - Most sectors in the S&P 500 closed positively, particularly consumer discretionary, communication services, and industrials [4] - Utility stocks, however, closed slightly lower, bucking the overall market trend [4] Company Performance - Tesla Inc. shares gained approximately 12% after a nine-week decline [3] - Meta Platforms Inc. and Nvidia Corp. each saw gains of over 3% during the session [3] Upcoming Earnings - Investors are anticipating earnings results from Core & Main, Inc., GameStop Corp., and Worthington Enterprises Inc. [5]