XOM - Investor Fears Ease Further Ahead Of More Inflation Data: Here's Why | Benzinga
The CNN Money "Fear and Greed" index showed further easing in the fear level, but the index remained in the "Fear" zone on Wednesday.
U.S. stocks settled higher on Wednesday as investors awaited the release of the consumer price index, due to be released on Thursday. Economists are expecting consumer prices to rise 0.3% from the prior month in September.
Data released Wednesday showed producer prices in the U.S. increasing 0.5% month-over-month in September, versus a 0.7% rise in the prior month, but above market expectations of 0.3%.
The yield on the 10-year Treasury note fell around 9 basis points during Wednesday’s session.
Exxon Mobil Corporation (NYSE: XOM) ...