The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Fear” zone on Thursday.
U.S. stocks settled higher on Thursday, with the Nasdaq Composite surging almost 500 points during the session, led by a sharp rally in semiconductors, as a signed U.S.-Iran peace deal sent oil tumbling.
Intel Corp. (NASDAQ:INTC) surged more than 10% on Thursday after President Donald Trump said on Truth Social that Apple Inc. (NASDAQ:AAPL) had agreed to work with Intel to design and build its chips in America,
The Federal Reserve, on Wednesday, unanimously held the federal funds rate steady at 3.50%-3.75%, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh. The Fed’s closely watched dot plot showed that several officials now expect interest rates to rise in 2026.
The Fed penciled in higher inflation, a lower unemployment rate and one hike this year, marking a hawkish shift from the March dot plot, which had signaled one additional rate cut.
