The CNN Money Fear and Greed index showed an improvement in overall market sentiment, with the index moving to the “Greed” zone on Thursday.
U.S. stocks settled higher on Thursday, with the Nasdaq Composite gaining more than 400 points during the session following a surge in Nvidia Corp. (NASDAQ:NVDA) stock.
After the closing bell on Wednesday, Nvidia shares jumped 8.7% on Thursday after the company reported better-than-expected second-quarter financial results and issued strong revenue forecast for the current quarter.
Dollar General (NYSE:DG) shares gained 2.5% on Thursday after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates. Veeva Systems Inc (NYSE:VEEV) shares jumped 15% as the company posted better-than-expected second-quarter results.
On the economic data front, U.S. initial jobless claims declined by 4,000 to 203,000 in the third week of August, compared to market estimates of 208,000. U.S. wholesale inventories climbed by 1.3% month-over-month to $959.1 billion in July, following a revised 0.3% gain in June. The US goods trade deficit rose to $118.8 billion in July from $101.4 billion in the previous month.
