The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the "Extreme Fear" zone. This came amidst reports that the US is in diplomatic talks with Iran, despite Iranian officials denying progress. Most sectors on the S&P 500 closed positively, with consumer discretionary, materials and health care stocks contributing the most gains. The Dow Jones index gained over 300 points during the session. The U.S. current account deficit decreased to $190.7 billion in the fourth quarter from $239.1 billion.