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Investor Optimism Decreases Slightly After Economic Reports, US Stocks Settle Lower

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, but the index remained in the “Greed” zone on Thursday. U.S. stocks settled lower on Thursday, after the Dow Jones index briefly surged above the 40,000 mark for the first time. The Dow has surged around 6% this year, while the S&P 500 gained about 11% in 2024. On the economic data front, U.S. initial jobless claims declined by 10,000 to 222,000 in the week ending May 11, compared to market estimates of 220,000. U.S. industrial production came in little changed in April, compared to a 0.1% gain in ...