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Benzinga
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Nasdaq Jumps 300 Points As Nvidia, Tesla Stocks Surge: Investor Sentiment Improves, But Greed Index Remains In 'Extreme Fear' Zone

1. The Fear and Greed index remains in the 'Extreme Fear' zone. 2. U.S. stocks, including Nvidia, bounced back significantly on Friday. 3. Nvidia Corp. saw a 4% increase amid overall tech sector recovery. 4. PCE data indicated the first price index decline in four months. 5. Investors anticipate future Fed rate cuts following recent economic data.

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FAQ

Why Bullish?

Nvidia's 4% increase suggests strong market confidence around tech recovery. Historical performance shows tech stocks often surge during economic recoveries.

How important is it?

The improvement in market sentiment directly affects investor appetite for tech stocks, including NVDA.

Why Short Term?

Recent positive sentiment and PCE data suggest imminent price movements. Tech stocks typically react quickly to perceived market improvements.

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