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Nasdaq Hits New High Ahead Of Key Earnings: Investor Fear Eases Further, Greed Index Remains In 'Fear' Zone - Boeing (NYSE:BA)
PayPalPayPal(US:PYPL) Benzingaยท2025-10-29 05:13

Market Overview - The CNN Money Fear and Greed index showed a slight increase in fear, moving from 37.7 to 40.6, indicating continued market caution [6] - U.S. stocks experienced gains, with the Nasdaq 100 reaching a new record high, driven by optimism ahead of key earnings reports and an anticipated Federal Reserve rate cut [1][4] Federal Reserve and Economic Indicators - The Federal Reserve is expected to lower its benchmark rate by 25 basis points, adjusting the fed funds range to 3.75%-4.00%, with potential for further cuts in December [2] - The FHFA house price index increased by 0.4% month-over-month in August, while the S&P CoreLogic Case-Shiller Home Price Index rose 1.6% year-over-year, slightly below market expectations of 1.9% [3] Company-Specific Developments - PayPal Holdings Inc. saw its stock rise approximately 4% following the announcement of a collaboration with OpenAI, positive third-quarter results for 2025, and the initiation of a dividend plan [3] - Investors are closely monitoring upcoming earnings reports from major companies including Alphabet Inc., Microsoft Corp., and Boeing Co. [5] Sector Performance - Most sectors within the S&P 500 closed negatively, with real estate, utilities, and energy stocks experiencing the largest declines, while consumer discretionary and information technology sectors performed well [4]