The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the S&P 500 closing at a record high level during the session.
The resilience came on the heels of two major economic headwinds: the start of a federal government shutdown and the weakest private payrolls report in more than two years.
The ADP Employment Report for September showed a drop of 32,000 private-sector jobs — the steepest monthly decline since March 2023. That figure badly missed Wall Street’s forecast, adding fuel to expectations that the Federal Reserve may continue …