<div id="readability-page-1"><div>The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.U.S. stocks settled higher on Thursday, with the Dow Jones index and S&amp;P 500 hitting fresh record highs during the session. The US Federal Reserve, on Wednesday, slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%.On the economic data front, the U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap. U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.Tech stocks rallied, with shares of NVIDIA Corporation NVDA and Advanced Micro Devices, Inc. AMD gaining around 4% and 6%, respectively. Micron Technology, Inc. MU shares added 2.2% during the session. Tesla Inc. TSLA also surged, closing the day with gains of 7.4%.Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and information technology stocks recording the biggest gains on Thursday. However, consumer staples and utilities stocks bucked the overall market trend, closing the session lower.The Dow Jones closed higher by around 522 points to 42,025.19 on Thursday. The S&amp;P 500 surged 1.70% to 5,713.64, while the Nasdaq Composite climbed 2.51% at 18,013.98 during Thursday's session.Investors are awaiting earnings results from VinFast Auto Ltd. VFS today.What is CNN Business Fear &amp; Greed Index?At a current reading of 65.7, the index remained in the “Greed” zone on Thursday, versus a prior reading of 60.8.The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.Read Next: <ul><li>Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</li></ul></div></div>

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U.S. stocks surged on Thursday, with the Dow Jones and S&P 500 reaching record highs after the Federal Reserve cut interest rates by 50 basis points to a range of 4.75% to 5%. The CNN Money Fear and Greed index improved to 65.7, indicating a "Greed" sentiment. Tech stocks, including Nvidia and Tesla, saw significant gains, while the Dow closed up 522 points at 42,025.19. The S&P 500 rose 1.70% to 5,713.64, and the Nasdaq climbed 2.51% to 18,013.98. Investors are awaiting earnings from VinFast Auto Ltd. today.

- The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the "Greed" zone at 65.7.  
- U.S. stocks rose, with the Dow Jones and S&P 500 reaching record highs, following a 50 basis point interest rate cut by the Federal Reserve.  
- The U.S. reported a current account deficit of $266.8 billion and a decrease in initial jobless claims, while tech stocks, including NVIDIA and Tesla, saw significant gains.

Nvidia, Tesla Rally As Dow, S&P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In 'Greed' Zone