ZS - Fear & Greed Index Moves To 'Greed' Zone Following Jobs Data | Benzinga
The CNN Money Fear and Greed index moved to the "Greed" zone on Friday following the release of latest jobs report.
The U.S. economy added 187,000 jobs in August versus the downwardly revised 157,000 increase in July and compared to market expectations of 170,000. The unemployment rate increased to 3.8% in August from 3.5% in July.
Average hourly earnings for all employees on US private nonfarm payrolls increased by 0.2% to $33.82 in August following a 0.4% growth in the earlier month.
Investors also assessed fresh earnings reports during the session. Dell Technologies Inc. (NYSE: DELL) shares jumped over 21% on Friday after the company reported ...