The CNN Money Fear and Greed index showed an improvement in overall market sentiment, while the index remained in the "Greed" zone on Friday.
U.S. stocks closed higher on Friday, with the S&P 500 index jumping to a new closing high for 2023.
Federal Reserve Chair Jerome Powell underscored that it’s “premature” to declare the Fed’s efforts as sufficiently restrictive, highlighting a readiness to adjust policies further if needed.
On the economic data front, construction spending in the U.S. increased by 0.6% month-over-month to an annual rate of $2,027.1 billion in October. The ISM manufacturing PMI came in unchanged at 46.7 in November.
Shares of Elastic N.V. (NYSE: ESTC) ...