Market Overview - U.S. stocks experienced a positive session, with the Dow Jones index increasing by approximately 226 points to close at 47,311.00, while the S&P 500 and Nasdaq Composite gained 0.37% and 0.65%, respectively [4] - The CNN Money Fear and Greed index showed a slight easing in fear levels, currently at 24.1, remaining in the "Extreme Fear" zone, up from a previous reading of 21.5 [6][7] Employment Data - The ADP National Employment Report indicated that private employers added 42,000 jobs in October, rebounding from a loss of 32,000 jobs in September and surpassing economists' expectations of a 25,000 job gain [2] Corporate Earnings - Eli Lilly and Co. continued its post-earnings rally for the fifth consecutive session, with shares reaching their highest levels since September 2024 [3] - McDonald's Corp. reported weaker-than-expected earnings for the third quarter [3] - Investors are anticipating earnings results from Cummins Inc., Airbnb Inc., and ConocoPhillips [5] Sector Performance - Most sectors within the S&P 500 closed positively, with communication services, consumer discretionary, and materials stocks showing the largest gains [4] - In contrast, consumer staples and information technology sectors closed lower, bucking the overall market trend [4]
Dow Jumps Over 200 Points: Investor Sentiment Improves, Fear & Greed Index Remains In 'Extreme Fear' Zone