RCAT - Fear & Greed Index Remains In 'Greed' Zone Following Economic Reports; Dow Records New High | Benzinga
The CNN Money Fear and Greed index showed some easing in overall market sentiment, but the index remained in the "Greed" zone on Thursday.
U.S. stocks closed higher on Thursday, with the 10-year Treasury falling below 4%. The Fed, on Wednesday, maintained the rate at a range of 5.25%-5.5%, but projected a gradual reduction in the rate, with an expectation of reaching 4.6% by the end of 2024.
On the economic data front, retail sales in the U.S. rose by 0.3% month-over-month in November following a revised 0.2% decline in October. Analysts, however, were expecting a 0.1% decline in sales. U.S. initial jobless claims fell by 19,000 to 202,000 in the week ...