JBL - Investor Optimism Decreases Following PPI Data; Dow Falls Over 100 Points | Benzinga
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the "Greed" zone on Thursday.
U.S. stocks closed lower on Thursday following the release of February PPI data. The Producer Price Index for final demand in the U.S. increased by 0.6% month over month, higher than market expectations of a 0.3% rise.
Other data released Thursday showed U.S. retail sales increased 0.6% month-over-month in February compared to a revised 1.1% decline in January and down from market estimates of a 0.8% surge. U.S. initial jobless claims declined by 1,000 to 209,000 in the week ended March 8, compared to market estimates of 218,000.
The US Federal Reserve ...