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Benzinga
159 days

Nasdaq Gains Over 1% As Nvidia, Tesla Surge: Investor Sentiment Improves Slightly, But Greed Index Remains In 'Extreme Fear' Zone

1. Fear and Greed Index shows slight improvement, still in 'Extreme Fear' 2. U.S. stocks ended mixed; Nasdaq rose over 1% after inflation data released. 3. Consumer Price Index decreased to 2.8%, beating expectations. 4. Nvidia shares gained 6.4%, reflecting positive market sentiment. 5. Other sectors also performed well, led by information technology, supporting NVDA.

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FAQ

Why Bullish?

Despite remaining in 'Extreme Fear', NVDA's 6.4% gain suggests strong investor confidence.

How important is it?

The mixed market sentiment and strong performance of NVDA highlight its resilience, likely leading to further growth.

Why Short Term?

The immediate positive sentiment and inflation improvement likely influences NVDA's stock in the short term.

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