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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]
US Stocks Mixed; GDP Growth Tops Expectations - Starfighters Space (AMEX:FJET), Highway Holdings (NASDAQ:HIHO)
Benzinga· 2025-12-23 15:01
Market Performance - U.S. stocks showed mixed performance with the Nasdaq Composite gaining approximately 0.2% on Tuesday [1] - The Dow Jones Industrial Average decreased by 0.01% to 48,357.98, while the S&P 500 rose by 0.15% to 6,888.53 [1] Sector Performance - Communication services sector increased by 0.9% on Tuesday [1] - Consumer staples sector experienced a decline of 0.4% [1] Economic Indicators - U.S. GDP grew at an annualized rate of 4.3% in the third quarter, marking the highest growth in two years and surpassing market expectations of 3.3% [2][10] - U.S. durable goods orders fell by 2.2% month-over-month to $307.4 billion in October, following a revised growth of 0.7% in September [11] Commodity Prices - Oil prices decreased by 0.3% to $57.81, while gold prices increased by 0.3% to $4,480.60 [5] - Silver rose by 1.3% to $69.485, and copper increased by 0.5% to $5.5365 [5] Global Market Overview - European shares were mixed, with the eurozone's STOXX 600 gaining 0.4% and Spain's IBEX 35 Index falling by 0.1% [6] - Asian markets closed mixed, with Japan's Nikkei 225 up by 0.02% and Hong Kong's Hang Seng down by 0.11% [7] Stock Movements - PicoCELA Inc. shares surged by 144% to $0.3045 [9] - Highway Holdings Ltd shares increased by 78% to $1.48 following a nonbinding letter of intent for acquisition [9] - Reviva Pharmaceuticals Holdings Inc shares dropped by 51% to $0.29 after a regulatory update [9]