CNN’s Money Fear and Greed Index showed some improvement in overall sentiment among US investors on Thursday.

The S&P 500 and Nasdaq posted gains on Thursday after strong quarterly results NVIDIA Corporation NVDA.

NVIDIA shares surged over 24% on Thursday after the company reported better-than-expected first-quarter results and issued strong guidance.

The VanEck Semiconductor ETF rose 8.6% to hit its highest level of the year.

The Dow Jones closed about 35 points lower on Thursday at 32,764.65. The S&P 500 was up 0.88% to 4,151.28, while the Nasdaq Composite was up 1.71% on the session to close at 12,698.09.

Investors are waiting for earnings results from Big Lots, Inc. LARGE, Booz Allen Hamilton Holding Corporation BAH And Hibbett, Inc. HIBB Today.

With a current reading of 63.0, the index remained in the “greed” zone compared to a previous reading of 61.0

What is the CNN Business Fear & Greed Index?

The Fear & Greed Index is a measure of current market sentiment. It is based on the premise that greater fear puts pressure on stock prices, while greater greed has the opposite effect. The index is calculated based on seven equally weighted indicators. The index ranges from 0 to 100, with 0 signaling maximum fear and 100 signaling maximum greed.

Continue reading: The 5 best tech stocks to ruin your portfolio in May

[ad_2]

Source story