LLY - Investor Sentiment Improves Following Services PMI; S&P 500 Slips From Record Levels | Benzinga
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but it remained in the "Greed" zone on Monday.
U.S. stocks closed lower on Monday, with the S&P 500 index falling from record highs amid a surge in Treasury yields.
Fed Chair Jerome Powell and Minneapolis Fed President Neel Kashkari warned that monetary policy may remain restrictive for a while due to the remarkable economic resilience.
Caterpillar Inc (NYSE: CAT) posted better-than-expected earnings for its fourth quarter on Monday. McDonald’s Corporation (NYSE: MCD), meanwhile, posted weaker-than-expected sales for its fourth quarter.
On the economic data front, the ...