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Investor Optimism Decreases Slightly, But Dow Records Gains For 4th Day

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, but the index remained in the “Fear” zone on Monday. U.S. stocks settled higher on Monday, with the Dow Jones index recording gains for the fourth straight session. Data released Friday showed U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March and missing the expected 238,000. The unemployment rate went from 3.8% to 3.9%, more than the expected 3.8%. Micron Technology Inc (NASDAQ:MU) shares gained around 5% on Monday after Baird analyst Tristan Gerra upgraded ...