The CNN Money Fear and Greed index showed improvement in the overall market sentiment, while the index moved to the “Neutral” zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Nasdaq Composite surging around 2% during the session as investors cheered fresh signs of progress in U.S.-Iran negotiations. President Donald Trump said that Iran talks “could be happening over the next two days” in Pakistan.
In earnings, Wells Fargo & Co. (NYSE:WFC) reported worse-than-expected first-quarter financial results. Citigroup Inc. (NYSE:C) reported better-than-expected earnings for the first quarter on Tuesday.
On the economic data front, producer inflation came in sharply below expectations in March, cooling inflationary concerns. The NFIB Small Business Optimism Index declined to 95.8 …