Market Sentiment - The CNN Money Fear and Greed index improved, moving to the "Neutral" zone with a current reading of 45.5, up from 43.8 [4] - U.S. stocks closed higher, with the Nasdaq Composite gaining approximately 300 points, driven by optimism towards the AI theme and positioning for December's "triple witching" session [1] Company Performance - Micron Technology Inc. saw a significant increase, rising more than 7% after a 10% jump on Thursday, following a strong earnings report [2] - Nvidia Corp. also experienced a rally, increasing by 3.9%, marking its strongest daily performance in over a month [2] Economic Data - U.S. existing home sales rose by 0.5% from the previous month, reaching an annualized rate of 4.13 million for November [2] Sector Performance - Most sectors in the S&P 500 closed positively, with information technology, industrials, and health care stocks showing the largest gains [3] - Consumer staples and utilities sectors diverged from the overall market trend, closing lower [3] - The Dow Jones increased by around 183 points to 48,134.89, while the S&P 500 rose 0.88% to 6,834.50, and the Nasdaq Composite jumped 1.31% to 23,307.62 during the session [3]
Nasdaq Jumps 300 Points: Investor Sentiment Improves, Fear & Greed Index Moves To 'Neutral' Zone