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Benzinga
96 days

S&P 500 Gains For Third Session As Tech Stocks Soar: Investor Sentiment Improves Further, Fear Index Remains In 'Greed' Zone

1. Fear and Greed Index improved, indicating market sentiment in 'Greed' zone. 2. S&P 500 gained over 4% this week, signaling a strong investor appetite for risk. 3. Most sectors closed negatively; IT and communication services performed well. 4. U.S. mortgage applications rose 1.1%, following an 11% previous surge. 5. Major stocks like Nvidia and AMD gained, hinting at tech sector strength.

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FAQ

Why Bullish?

The S&P 500's gains and positive sentiment suggest upward pressure on IVV, historically similar conditions boost index funds.

How important is it?

Market momentum and positive sentiment are impactful for index funds like IVV.

Why Short Term?

Immediate market reactions are often temporary, with stronger tech stocks aiding in quick gains for IVV.

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