KR - Investor Optimism Edges Lower Following GDP Data | Benzinga
The CNN Money Fear and Greed index showed some decline in overall market sentiment, but the index remained in the "Greed" zone on Wednesday.
U.S. stocks closed mixed on Wednesday following GDP data, but the major indices remain on course to record their biggest monthly gains in 2023.
Shares of Hormel Foods Corp (NYSE: HRL) fell around 4.6% on Wednesday after the company reported weaker-than-expected earnings for its fourth quarter on Wednesday. General Motors Company (NYSE: GM) shares climbed more than 9% after the company reinstated 2023 earnings guidance, announced a $10 billion accelerated share repurchase program and a 33% dividend increase.
On the economic data front, the U.S. economy grew an ...