SAIC - Investor Optimism Improves; US Stocks Record Gains For May | Benzinga
The CNN Money Fear and Greed index showed improvement in the overall market sentiment, while the index was in the “Neutral” zone on Friday.
U.S. stocks settled mostly higher on Friday, with the Dow Jones index recording its best session of the year.
U.S. stocks, however, recorded losses last week, with the S&P 500 falling 0.51% and the Dow Jones index declining 0.98% during the week. Despite recording losses last week, major indices notched gains in May. The Dow gained 2.3% last month, while the S&P 500 added 4.8% in May.
On the economic data front, the Federal Reserve’s preferred inflation measure held steady in April, aligning with economist expectations, yet keeping investors anxious about potential rate ...