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S&P 500 Records Best Session Since January 2023: Investor Sentiment Improves, But Greed Index Remains In 'Extreme Fear' Zone
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), notching its best daily performance since January 2023.
On the economic data front, U.S. initial jobless claims declined by 17,000 to 230,000 in the week ending August 3, compared to market estimates of 240,000. U.S. wholesale inventories increased by 0.2% month-over-month to $903 billion in June, compared to a revised 0.5% ...