Dow Jumps Over 900 Points On US-Iran Deal Optimism: Investor Sentiment Improves, Greed Index Remains In 'Fear' Zone

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Fear” zone on Thursday. U.S. stocks settled higher on Thursday, with the Dow Jones index surging more than 900 points during the session after President Donald Trump called off "scheduled" strikes on Iran amid hopes for a peace deal. Lam Research Corp. (NASDAQ: LRCX ) surged around 13% after Cantor lifted its target to $425 from $320, while Applied Materials Inc. (NASDAQ: AMAT ) climbed 11% after its target rose to $650 from $575. On the economic data front, U.S. initial jobless claims increased by 4,000 to a three-month high ... Full story available on Benzinga.com