Fear & Greed Index Remains In 'Extreme Greed' Zone After Nasdaq Records Best H1 Since 1983
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Friday, indicating strong market sentiment. U.S. stocks closed higher, with the Nasdaq Composite recording its best first half since 1983. NVIDIA Corporation (NASDAQ:NVDA) shares gained 3.6% on Friday, bringing its yearly gains to over 189%.
July 03, 2023 | 6:47 am
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NVIDIA Corporation shares gained 3.6% on Friday, bringing its yearly gains to over 189%. The strong market sentiment indicated by the 'Extreme Greed' zone of the Fear and Greed index could further boost the stock.
The 'Extreme Greed' zone of the Fear and Greed index indicates strong market sentiment, which is generally positive for stock prices. Given that NVIDIA's shares have already seen significant gains this year, this positive sentiment could provide further support for the stock in the short term.
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IMPORTANCE 80
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