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Fear & Greed Index Moves To ‘Extreme Greed’ Zone; S&P 500 Settles Near 5,000 Mark

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 Wednesday. U.S. stocks closed higher on Wednesday, with the S&P 500 index edging closer to the 5,000 mark. The index first breached the 4,000 mark in April 2021.