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The CNN Money Fear and Greed index showed almost no change in overall market sentiment, while the index remained in the “Fear” zone on Wednesday.

U.S. stocks settled higher on Wednesday, with the Nasdaq Composite gaining around 400 points during the session driven by sharp gains in CoreWeave (NASDAQ:CRWV).

CoreWeave soared around 25%, recording its biggest one-day gain since June 3, 2025, after the company reported upbeat financial results for the third quarter, pulling chipmakers, memory producers and power stocks back into the artificial-intelligence trade.

Microsoft Corp. (NASDAQ:MSFT) fell 2.2% as Anthropic rolled out new Claude tools aimed at spreadsheets and office work.

On the earnings front, Gevo Inc. (NASDAQ:GEVO) shares jumped 31% after the company reported better-than-expected third-quarter financial results. Shares of Fossil Group Inc. (NASDAQ:FOSL) jumped around 27% after the company reported better-than-expected quarterly financial results and raised its FY26 sales guidance above estimates.

On the economic data front, the volume of mortgage applications climbed by 6.2% on the week ending Nov. 6.

Most sectors on the S&P 500 closed on a positive note, with energy, industrials and information technology stocks recording the biggest gains on Wednesday. However, consumer discretionary stocks bucked the overall market trend, closing the session lower.

The Dow Jones closed higher by around 255 points to 52,486.49 on Wednesday. The S&P 500 gained 1.31% to 7,619.38, while the Nasdaq Composite jumped 1.60% at 25,466.19 during Wednesday’s session.

Investors are awaiting earnings results from Legence Corp. (NASDAQ:LGN), Cisco Systems Inc. (NASDAQ:CSCO) and Applied Materials Inc. (NASDAQ:AMAT) today.

At a current reading of 37, the index remained in the “Fear” zone on Wednesday, versus a prior reading of 37.

What is CNN Business Fear & Greed Index?

The Fear & 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.

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