Market Mania: Stocks Surge Despite Fear & Greed Index Dive! What's Next?

The CNN Money Fear and Greed Index indicated a further decline in overall market sentiment, remaining within the "Greed" zone on Monday.

The U.S. stock market ended on a positive note, breaking a three-session losing streak. 

The Federal Reserve is set to commence its two-day policy meeting today, with the interest-rate decision expected on Wednesday. 

Shares of Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) surged over 4% following reports of Apple (NASDAQ: AAPL) considering the integration of Google Gemini into the iPhone. 

Conversely, Science Applications International Corp (NYSE: SAIC) experienced a roughly 10% decline in its stock price after reporting fourth-quarter results.

In economic news, the NAHB/Wells Fargo Housing Market Index climbed to 51 in March, marking the highest reading in eight months and surpassing the market's expectations of 48.

Most sectors within the S&P 500 closed higher, with consumer staples, consumer discretionary, and communication services stocks leading the gains. 

However, healthcare and real estate stocks closed slightly lower. 

The Dow Jones closed up over 75 points at 38,790.43, the S&P 500 rose 0.63% to 5,149.42, and the Nasdaq Composite climbed 0.82% to 16,103.45.

Investors are eagerly awaiting earnings reports from Citi Trends, Inc. 

(NASDAQ: CTRN), Caleres, Inc. (NYSE: CAL), and Core & Main, Inc. (NYSE: CTRN) today.

The Fear & Greed Index is a measure of market sentiment based on seven indicators, ranging from 0 to 100. A reading of 0 indicates maximum fear, while 100 signifies maximum greediness. Navigating retirement can be challenging, and seeking guidance from a financial advisor can be beneficial. SmartAsset's free tool matches you with up to three advisors in your area, allowing you to interview them at no cost to find the right fit for your financial goals.