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S&P 500 Surges 1% As Oil Prices Fall: Fear & Greed Index Remains In 'Extreme Fear' Zone
Benzinga· 2026-03-17 07:22
Market Overview - U.S. stocks experienced a positive session on Monday, with the S&P 500 gaining approximately 1% as oil prices retreated [1][4] - The S&P 500 had a 1.6% loss in the previous week, while the Dow Jones fell about 2% and the Nasdaq declined 1.3% [1] Economic Indicators - The NY Empire State Manufacturing Index fell to -0.2 in March from 7.1 in the previous month, below market expectations of 3.2 [3] - The NAHB/Wells Fargo Housing Market Index increased to 38 in March from 37, meeting market estimates [3] - U.S. industrial production rose by 0.2% month-over-month in February, surpassing market estimates of 0.1% [3] Sector Performance - All sectors of the S&P 500 closed positively, with information technology, consumer discretionary, and communication services showing the largest gains [4] - The Dow Jones closed higher by around 388 points to 46,946.41, while the S&P 500 rose 1.01% to 6,699.38 and the Nasdaq Composite increased by 1.22% to 22,374.18 [4] Company Earnings - Dollar Tree Inc. reported strong earnings for the fourth quarter on Monday [2]