Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

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

U.S. stocks settled higher on Monday, with the Dow Jones index surging more than 250 points ahead of earnings from megacap technology companies.

Both the Dow Jones and S&P 500 ended a six-week winning streak, falling around 1% and 2.7%, respectively. The Nasdaq recorded gains for the seventh straight week, gaining nearly 0.2% last week.

Shares of Koninklijke Philips NV (NYSE:PHG) tumbled around 16% on Monday after the company reported weak third-quarter earnings results.

On the economic data ...