NIO - Fear & Greed Index Moves To 'Neutral' Zone; S&P 500 Settles At Record High Ahead Of Jobs Data | Benzinga
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index moving to the “Neutral” zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the S&P 500 gaining to a new record high during the session.
On the economic data front, U.S. private businesses added 152,000 workers to their payrolls in May, compared to market estimates of 173,000 and down from 192,000 in April. The ISM services PMI climbed to 53.8 in May, notching the highest level in nine months, and topping market expectations of 50.8.
Investors are awaiting the release of nonfarm payrolls report for May, due to be released on Friday.