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S&P 500 Settles At Record High, Investor Sentiment Improves, Fear Index Moves To 'Greed' Zone - Advanced Micro Devices (NASDAQ:AMD)
Benzingaยท 2025-10-07 06:41
Market Sentiment - The CNN Money Fear and Greed index improved to a reading of 56.7, indicating a shift to the "Greed" zone from a previous reading of 53.7 [5] - U.S. stocks mostly settled higher, with the Nasdaq Composite gaining over 150 points and both the S&P 500 and Nasdaq Composite reaching record highs [1] Stock Performance - The S&P 500 rose by approximately 1.1% last week, while the Dow Jones also increased by 1.1% [1] - On Monday, the S&P 500 increased by 0.36% to 6,740.28, and the Nasdaq Composite jumped by 0.71% to 22,941.67 [3] Sector Performance - Most sectors in the S&P 500 closed positively, with utilities, consumer discretionary, and communication services stocks showing the largest gains [3] - Consumer staples and real estate stocks, however, closed lower, diverging from the overall market trend [3] Company News - Advanced Micro Devices Inc. (NASDAQ:AMD) shares surged around 24% following the announcement of a multi-year partnership with OpenAI to deploy 6 Gigawatts of AMD GPUs, along with issuing OpenAI a warrant for up to 160 million shares [2] - Investors are anticipating earnings results from McCormick & Company Inc. (NYSE:MKC) and Penguin Solutions Inc. (NASDAQ:PENG) [4]