Market Overview - The CNN Money Fear and Greed index showed some easing in the overall fear level, remaining in the "Extreme Fear" zone with a current reading of 14.1, up from 13.7 [6][7] - U.S. stocks settled higher, with the Dow Jones index surging more than 650 points, closing at 47,112.45, while the S&P 500 gained 0.91% to 6,765.88 and the Nasdaq Composite increased by 0.67% to 23,025.59 [4] Company Performance - Nvidia Corp. (NASDAQ:NVDA) shares declined nearly 2.6% following reports that Meta Platforms Inc. (NASDAQ:META) is considering a multibillion-dollar investment in Alphabet Inc.'s (NASDAQ:GOOG)(NASDAQ:GOOGL) custom AI chips [1] - Apple Inc. (NASDAQ:AAPL) shares reached new all-time highs near $280, supported by CEO Tim Cook's commitment to increasing investment in China, although the stock later settled higher by 0.4% [2] Economic Data - U.S. producer prices increased by 0.3% month-over-month in September, following a 0.1% decline in the previous month [3] - U.S. retail sales rose by 0.2% month-over-month in September, compared to a 0.6% gain in August [3] - U.S. pending home sales gained by 1.9% month-over-month in October, following a revised 0.1% growth in the previous month [3] Sector Performance - Most sectors on the S&P 500 closed positively, with communication services, health care, and consumer discretionary stocks recording the largest gains [4] - Utilities and energy stocks, however, closed lower, bucking the overall market trend [4] Upcoming Earnings - Investors are awaiting earnings results from Deere & Co. (NYSE:DE) and Li Auto Inc. (NASDAQ:LI) [5]
Dow Surges Over 650 Points: Fear & Greed Index Remains In 'Extreme Fear' Zone - Meta Platforms (NASDAQ:META)