Markets

Investor Sentiment Warms as Dow Climbs, Awaiting FOMC Insights

Published November 21, 2023

Markets witnessed a bolstered sentiment among investors as anticipation around the release of the Federal Open Market Committee (FOMC) minutes grew. An optimism-fueled session saw the Dow Jones Industrial Average leap upwards, securing an excess of 200 points. The boost in confidence was underscored by the CNN Money Fear and Greed Index which persisted in the "Greed" zone on Monday, highlighting an uptick in the market's overall mood.

Benchmark Indices Reflect Bullish Enthusiasm

The upbeat investor outlook was mirrored in the performance of key US stock indices on Monday. Beside the Dow Jones' notable gain, specific stocks such as Best Buy Co BBY, HP Inc HPQ, Microsoft Corporation MSFT, Warner Bros WBD, Nvidia Corporation NVDA, and Baidu BIDU were in the limelight, contributing to the market's positive trajectory.

Key Players in the Rally

Best Buy Co BBY, the renowned consumer electronics retailer, together with HP Inc HPQ, a leader in PCs and printers, capitalized on the bullish trend. Meanwhile, tech giant Microsoft Corporation MSFT continued to exert its influence, backed by its vast array of software and hardware products that dominate the tech landscape. The entertainment powerhouse Warner Bros WBD and Nvidia Corporation NVDA, a significant player in the GPUs market, rounded out the cohort of notable companies making strides in Monday's session. China's internet search service leader, Baidu BIDU, also reflected the positive sentiment affecting the global market landscape.

optimism, FOMC, Dow