Nasdaq Jumps Over 2% Amid Nvidia Surge: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Fear' Zone
Portfolio Pulse from Avi Kapoor
U.S. stocks rose on Wednesday, with the Nasdaq jumping over 2% driven by a surge in NVIDIA shares. Inflation data showed a decrease, improving market sentiment, though the Fear & Greed Index remains in the 'Fear' zone. NVIDIA and AMD saw significant gains, while Rentokil Initial's shares dropped sharply.
September 12, 2024 | 6:43 am
News sentiment analysis
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POSITIVE IMPACT
AMD shares rose 4.9% as part of a broader tech rally driven by easing inflation and improved market sentiment.
AMD's share price increase of 4.9% reflects positive investor sentiment in the tech sector, supported by favorable inflation data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
NVIDIA shares surged 8.2% amid positive market sentiment and easing inflation, contributing significantly to the Nasdaq's rise.
NVIDIA's significant share price increase of 8.2% was a major factor in the Nasdaq's overall rise, indicating strong investor confidence and positive sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Rentokil Initial shares fell 21% after revising guidance for the second half of FY24, indicating potential challenges ahead.
The sharp decline in Rentokil's share price is due to the company's revised guidance, suggesting potential operational or financial challenges.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80