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Nasdaq Gains Over 200 Points Ahead Of Fed Meeting: Investor Sentiment Improves, Fear Index Moves To 'Greed' Zone
Benzingaยท 2025-09-16 08:52
Market Sentiment - The CNN Money Fear and Greed index improved, moving to the "Greed" zone with a current reading of 57.7, up from 54.4 [5] - U.S. stocks experienced gains, with the Nasdaq Composite rising over 200 points ahead of the Federal Reserve policy meeting [1] Stock Performance - All three major U.S. equity benchmarks recorded gains last week, with the S&P 500 achieving its best weekly performance since August and the Dow adding approximately 1% [1] - On Monday, the Dow Jones closed higher by around 49 points to 45,883.45, the S&P 500 rose 0.47% to 6,615.28, and the Nasdaq Composite gained 0.94% to 22,348.75 [3] Sector Performance - Most sectors on the S&P 500 closed negatively, with consumer staples, health care, and materials stocks experiencing the largest losses [3] - Conversely, consumer discretionary and communication services stocks closed higher, bucking the overall market trend [3] Company-Specific News - Hain Celestial Group, Inc. (HAIN) saw a significant decline of around 25% after reporting worse-than-expected fourth-quarter financial results [2] - Investors are anticipating earnings results from Ferguson Enterprises Inc. (FERG), Brand House Collective Inc. (TBHC), and Evolution Petroleum Corp. (EPM) [4] Economic Indicators - The New York Empire State Manufacturing Index fell to -8.7 in September, down from 11.9 in August and below market estimates of 5 [2]