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Aug 30, 2024 2:30 AM

Dow Notches New Record Close But Nasdaq Falls Amid Decline In Nvidia Shares: Fear Index Enters 'Greed' Zone

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index in the “Greed” zone on Thursday.

U.S. stocks settled mixed on Thursday, with the Dow Jones index surging to a record high during the session.

Shares of NVIDIA Corporation (NASDAQ:NVDA) fell around 6.4% on Thursday, weighing on the S&P 500 and the Nasdaq. Nvidia reported better-than-expected earnings and sales results for its second quarter on Wednesday. The company issued above-consensus third-quarter revenue guidance and announced a $50-billion additional stock repurchase authorization. However, the gross margin contracted from the first quarter.

On the economic data front, U.S. initial jobless claims fell by 2,000 from ...