XOM - Investor Optimism Improves Following Earnings Economic Reports; Dow Jumps Over 350 Points | Benzinga
The CNN Money Fear and Greed index showed an increase in the overall market sentiment, but the index remained in the "Greed" zone on Thursday.
U.S. stocks closed higher on Thursday, with the Dow Jones index gaining more than 350 points during the session. On Wednesday, the US central bank maintained its benchmark fed funds rate range at 5.25%- 5.5%, while Fed chairman Jerome Powell indicated that the central bank is unlikely to cut rates in March.
Shares of Merck & Co (NYSE: MRK) gained 4.6% on Thursday after the company reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates. Honeywell International Inc (NASDAQ: HON) shares fell 2.5% after the company reported downbeat revenue for its fourth quarter and issued a weak outlook.
After the closing ...