Fear & Greed Index In ‘Greed’ Zone; S&P 500 Hits Record High After April Inflation Report
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The CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the “Greed” zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the S&P 500 surging to a record high level during the session.
On the economic data front, U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in the previous month, and also down from market expectations of 0.4%. Annual inflation rate in the U.S. slowed to 3.4% in April from 3.5% a month ago. U.S. retail sales came in unchanged month-over-month in April compared to a …
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