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Investor Sentiment Improves Further, Dow Jumps Over 100 Points
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Fear” zone on Monday.
U.S. stocks settled higher on Monday, driven by surge in Tesla, Inc. (NASDAQ:TSLA) shares. Shares of the EV maker jumped more than 15% on Monday on reports the company will partner with Baidu for mapping and navigation for Full Self-Driving in China.
Apple Inc. (NASDAQ:AAPL) shares rose 2.5% on Monday after Bernstein upgraded the stock from Market Perform to Outperform. ON Semiconductor Corp (NASDAQ:ON) reported better-than-expected first-quarter results.
On the economic data front, the ...