The CNN Money Fear and Greed index showed a further increase in the overall market sentiment, while the index remained in the “Greed” zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Nasdaq Composite surging around 2% during the session as a wave of blowout AI earnings collided with a sharp slide in oil prices on hopes that Washington and Tehran are closing in on a deal to end the war.
In earnings, Kraft Heinz Co. (NASDAQ:KHC) reported upbeat earnings for the first quarter. Walt Disney Co. (NYSE:DIS) reported better-than-expected second-quarter financial results. Advanced Micro Devices Inc. (NASDAQ:AMD) reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.
On …
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