The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index closing above the 50,000 level during the session.
In earnings, shares of Cisco Systems Inc. (NASDAQ:CSCO) surged 13% on Thursday after the company posted upbeat third-quarter results and issued strong guidance. Dillard’s Inc. (NYSE:DDS) reported upbeat earnings for the first quarter.
On the economic data front, U.S. initial jobless claims increased by 12,000 from the previous week to 211,000 during the first week of May, compared to market estimates of 205,000. U.S. import prices increased by 1.9% month-over-month in April, compared to market estimates of a 1% gain. U.S. retail sales rose …