JPM - US Stocks Close Higher Dow Hits 40000: Market Sentiment Remains In Greed Zone | Benzinga
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index remaining in the “Greed” zone on Friday.
U.S. stocks closed higher on Friday, with the Dow Jones index topping the key 40,000 mark during the session. The 30-stock blue-chip index gained around 1.6% last week.
On the economic data front, the headline PPI for final demand rose by 0.2% month-over-month in June, rebounding sharply from the upwardly revised flat reading in May and surpassing economists’ expectations – as tracked by TradingEconomics – of a 0.1% increase. The University of Michigan consumer sentiment declined for a fourth consecutive month to 66 in July ...