Dow Hits Record High as Nasdaq Surges Amid Mixed Market Sentiment

The US stock market settled higher on Monday, with the Dow Jones index closing at a record high and the Nasdaq Composite surging by over 2%.

The Dow Jones jumped by around 693 points to close at 53,178.41, while the S&P 500 climbed 1.48% to 7,600.50.

However, the CNN Business Fear & Greed Index remained in the 'Neutral' zone on Monday, with a reading of 46, indicating that investors are still cautious despite the recent market gains.

The index is calculated based on seven equal-weighted indicators and ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.