Despite a dip in US stocks, the CNN Money Fear and Greed Index remained in the “Greed” zone, signaling investor optimism. Tesla shares fell significantly, while Home Depot’s strong earnings boosted confidence. Economic data points to easing inflation expectations and rising consumer optimism.
U.S. markets surged on Friday, driven by Donald Trump’s election victory, expectations of pro-business policies, and a recent Fed rate cut. This optimism also spurred record highs for the Nasdaq and the S&P 500’s 50th record close of the year. Asian markets followed suit, with Japan’s Nikkei 225 and China’s Shanghai Composite showing gains. European markets opened on a positive note, boosted by Wall Street’s record highs, while commodities and forex markets saw mixed movements.
