The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index moved to the “Fear” zone on Monday.
U.S. stocks settled higher on Monday, with the Nasdaq Composite gaining more than 500 points during the session, recording its fifth straight losing session.
The S&P 500 fell around 2% last week, while the Nasdaq tumbled 4.6% in the period. However, the Dow recorded gains, rising 0.6% last week.
Google parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) gained nearly 5% on Monday as the company replaced Verizon Communications Inc. (NYSE:VZ) in the Dow Jones Industrial Average. Shares of Comcast Corp. (NASDAQ:CMCSA) jumped around 4.5% on Monday after the company announced it will separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky.
Meanwhile, the Strait of Hormuz de-escalation narrative gained traction as President Donald Trump separately confirmed that "Iran has requested a meeting" set for Doha, with envoys Steve Witkoff and Jared Kushner traveling to Qatar, with U.S. and Iranian technical teams due to meet mediators midweek.
