RH - Investor Optimism Continues To Wane Despite Nasdaq's Fifth Consecutive Record Close On Friday | Benzinga
The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, while the index remained in the “Fear” zone on Friday.
U.S. stocks settled mixed on Friday, with the Nasdaq Composite recording a fifth straight record close.
On the economic data front, the University of Michigan consumer sentiment declined for a third consecutive month to a reading of 65.6 in June, notching the lowest level since November, compared to 69.1 in May and down from market estimates of 72. Import prices in the U.S. declined by 0.4% month-over-month in May, while U.S. export prices declined by 0.6% month-over-month in May.
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