GCO - Fear & Greed Index Remains In 'Greed' Zone Following PCE Data; Dow Surges Over 500 Points | Benzinga
On Thursday, the CNN Money Fear and Greed index remained in the "Greed" zone.
The Dow Jones gained over 500 points to a new high for the year as investors assessed the recent PCE data. The personal consumption expenditure price index in the U.S. came in flat month-over-month in October following a 0.4% increase in September. Annual core PCE inflation eased to 3.5% from 3.7%.
U.S. initial jobless claims, meanwhile, increased by 7,000 to 218,000 in the week ending Nov. 25, versus the revised reading of 211,000 in the prior week and compared to market estimates of 220,000. The Chicago PMI rose to 55.8 in November from 44 a month ago.
Shares of Cracker Barrel Old ...