The CNN Money Fear and Greed index showed an increase in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&P 500 surging to a new all-time high during the session.
The driving force was a sharp drop in energy prices after President Donald Trump signaled progress in negotiations with Iran.
Chip and chip-equipment names led the tech complex higher. Intel Corp. (NASDAQ:INTC) surged around 13% on renewed reports that Apple Inc. (NASDAQ:AAPL) is evaluating Intel’s foundry services for a future generation of in-house silicon, lending fresh credibility to the chipmaker’s turnaround under CEO Lip-Bu Tan. Micron Technology, Inc. (NASDAQ:MU) jumped 11% amid resilient AI-memory pricing and bullish hyperscaler capex commentary,
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