QCOM - Investor Sentiment Increases Ahead Of Jobs Report Dow Jumps Over 300 Points | Benzinga
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, but the index remained in the “Fear” zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index surging more than 300 points during the session. The U.S. Federal Reserve, on Wednesday, opted to keep the federal funds rate unchanged at 5.25% to 5.5%, as widely expected.
On the economic data front, the trade deficit in the US narrowed slightly to $69.4 billion in March versus a revised $69.5 billion gap in February. U.S. initial jobless claims came in unchanged from the previous week at 208,000 during the week ending April 27, compared to market expectations of 212,000.
Data on April nonfarm payrolls will be released ...