The CNN Money Fear and Greed Index showed an improvement in overall market sentiment, while the index remained in the “Greed” zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index gaining more than 150 points during the session, recording its third consecutive winning session amid a decline in Treasury yields.
Within Magnificent Seven stocks, Nvidia Corp. (NASDAQ:NVDA) rose 2.2% ahead of Wednesday’s fiscal second-quarter report.
President Donald Trump said on Truth Social that the U.S. Navy removed "all mines" from the Strait of Hormuz. A day earlier, Treasury Secretary Scott Bessent threatened to impose sanctions on banks and companies that facilitate trade with Iran.
On the economic data front, the S&P Case-Shiller home price index increased 2.1% year-over-year in June, up from 1.6% in the previous month and higher than market estimates of 1.7%. Sales of new single-family homes declined by 10.5% month-over-month to an annualized rate of 607,000 homes in July.
