Market Sentiment - The CNN Money Fear and Greed index showed an improvement in overall market sentiment, remaining in the "Greed" zone with a reading of 62.1, up from 61.1 [4][5] - U.S. stocks closed higher, with the Dow Jones index gaining over 150 points and reaching a record high [1] Stock Performance - The Dow Jones closed higher by approximately 173 points to 46,315.27, while the S&P 500 rose 0.49% to 6,664.36, and the Nasdaq Composite gained 0.72% to 22,631.48 [3] - The S&P 500 gained 1.2% and the Dow added 1% last week, with the Nasdaq surging 2.2% during the same period [1] Sector Performance - Most sectors on the S&P 500 closed positively, with information technology, utilities, and communication services stocks recording the largest gains [3] - Energy and real estate stocks, however, closed lower, bucking the overall market trend [3] Company Highlights - Apple Inc. saw a 3.2% increase in stock price due to strong demand for the new iPhone 17, with preorders in China surpassing those of the iPhone 16 in just one minute [2] - Apple shares climbed above $245, reaching their highest level since late February 2025 [2] Economic Indicators - The Baker Hughes oil rig count rose by 2 to 418 in the latest week, indicating a slight increase in oil production activity [2]
Dow Hits Record High As Fed Cuts Rates: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone - Apple (NASDAQ:AAPL), Firefly Aerospace (NASDAQ:FLY)