The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining around 300 points during the session following the release of inflation data.
Inflation figures released Friday showed no surprises but indicated the Fed’s need for caution on its rate-cut cycle. The Personal Consumption Expenditures (PCE) price index rose 2.7% year-over-year in August, up from 2.6% in July, matching forecasts. The core PCE, which excludes food and energy and is closely watched by the Fed, remained flat at 2.9%, in line with expectations.
Major indices, however, recorded losses last week, with the Nasdaq …