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Jun 2, 2026 4:00 AM

Nasdaq Surges Over 110 Points: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index fell slightly but showed that the overall market sentiment was positive, while the index remained in the “Greed” zone on Tuesday.

U.S. stocks settled higher on Monday, with the Nasdaq Composite rising 114.19 points, or 0.42%, to 27,086.81.

In earnings, shares of Hewlett Packard Enterprise Co. (NYSE:HPE) surged more than 28% on Monday after the server and networking products maker posted upbeat fiscal second-quarter results and raised its full-year earnings guidance. Credo Technology Group Holding Ltd.'s (NASDAQ:CRDO) tanked almost 12% despite higher-than-expected quarterly earnings.

On the economic data front, U.S. ISM Manufacturing PMI rose to 54 in May from 52.7 in the previous month. The figure represented the steepest expansion in the factory sector since May 2022 and ...