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Investor Optimism Rises Ahead Of Key Inflation Reports; Nasdaq Surges Over 100 Points

The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the "Greed" zone on Wednesday. U.S. stocks closed higher on Wednesday before inflation data and earnings were released. The consumer price index for December is scheduled for release on Thursday, while the producer price index will be released on Friday.