PSX - Investor Fear Grows Further Following Earnings Economic Reports | Benzinga
The CNN Money Fear and Greed index showed further growth in the overall fear level, with the index inching closer towards the "Extreme Fear" zone on Thursday.
U.S. stocks closed lower on Thursday, as investors assessed recent earnings and economic reports.
Meta Platforms, Inc. (NASDAQ: META) reported better-than-expected results for its third quarter. The company said it sees fourth-quarter revenue coming in a range of $36.5 billion to $40 billion. Mattel, Inc. (NASDAQ: MAT) shares fell 7.6% on Thursday after reporting third-quarter results.
On the economic data front, the U.S. economy grew an annualized 4.9% in the third quarter, higher than market expectations of 4.3% and compared ...