The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index moving to the "Extreme Greed" zone on Thursday.
U.S. stocks closed higher on Thursday, with the S&P 500 settling at a fresh record high.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 250 points on Thursday.
The Dow traded up 0.75% to 38,713.88 while the NASDAQ rose 0.22% to 15,894.39. The S&P 500 also rose, gaining, 0.52% to 5,026.65.
US stocks surge on strong earnings and speculation of Fed rate cuts. S&P 500 rebounds past 5000, Nasdaq 100 pauses. Small caps outperform. Tesla, Wells Fargo, and CBRE rally on positive news while Deer & Antero Resources shares drop. Other companies react to earnings.