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

U.S. stocks settled higher on Tuesday, with the S&P 500 settling at a record level during the session amid a surge in artificial intelligence names.

The New York Stock Exchange will close at 1 p.m. ET on Wednesday and will be closed on Thursday for Christmas Day.

Gross domestic product expanded at a 4.3% annualized pace in the third quarter, beating estimates near 3.3% and marking the fastest growth rate in two years.

That strength prompted traders to scale back expectations for near-term Federal Reserve easing. Markets now price roughly a 15% probability of a 25-basis-point cut in late ...