The CNN Money Fear and Greed index remained in the "Fear" zone on Friday.
The Dow Jones closed lower on Friday following the release of personal consumption expenditures price index. The headline PCE price index increased from an upwardly revised 3.4% in July to 3.5% year-on-year in August 2023, matching the expected 3.5% and marking the second consecutive monthly rise. Excluding energy and food items from the basket, the core PCE price index dropped from 4.2% in July to 3.9% year-on-year in August, as expected.
Carnival Corp (NYSE: CCL) reported better-than-expected earnings for its third quarter on Friday.
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