Nasdaq Jumps Over 400 Points as Crude Oil Falls: Investor Sentiment Improves, Greed Index Remains in ‘Fear’ Zone

On Thursday, the Nasdaq Composite rose over 400 points, closing at 26,418.30, driven by a decline in Treasury yields and crude oil prices. The Federal Reserve raised the federal funds target range by 25 basis points to 3.75%-4.00%, marking its first rate increase since 2023. Initial jobless claims fell to 196,000, below the consensus of 206,500, while the Philadelphia Fed manufacturing index slowed but exceeded estimates. The Technology Select Sector SPDR Fund led gains, with Intel Corp. and Advanced Micro Devices Inc. surging approximately 8% and over 6%, respectively.