Investor Optimism Improves Following PCE Report; Nasdaq Surges To Record High

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Extreme Greed” zone on Thursday.

U.S. stocks closed higher on Thursday, with the Nasdaq Composite surging to its first closing record since Nov. 2021. The tech-heavy Nasdaq gained around 6.12%, while the S&P 500 added 5.17% in February. Meanwhile, the Dow rose 2.22%, recording gains for four straight months.

Shares of Hayward Holdings, Inc. (NYSE: HAYW) surged around 13% on Thursday after the company reported better-than-expected fourth-quarter results. Snowflake Inc. (NYSE: SNOW) shares fell around 18% after the company reported fourth-quarter financial results, issued guidance and announced a CEO transition.

On the economic data …

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