PATH - Investor Sentiment Falls Further Ahead Of Inflation Data; Dow Tumbles Over 300 Points | Benzinga
The CNN Money Fear and Greed index showed further decline in the overall market sentiment, but the index remained in the “Neutral” zone on Thursday.
U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 300 points during the session. However, all three major indices are on course to record gains for May, with the S&P 500 gaining 4%, and the Dow adding around 0.8% this month.
On the economic data front, U.S. initial jobless claims increased by 3,000 to 219,000 in the week ending May 25, compared to market estimates of 218,000. The U.S. economy grew an annualized 1.3% in the first quarter, compared to 3.4% in the prior quarter. The U.S. trade deficit in goods increased to $99.41 billion in April following a revised $92.29 ...