The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Wednesday.
U.S. stocks settled mostly higher on Wednesday, with the S&P 500 surging to a new all-time high during the session.
In earnings, Alibaba Group Holding Ltd. (NYSE:BABA) shares gained around 8% on Wednesday after the e-commerce and cloud-computing company reported mixed fiscal fourth-quarter 2026 results. Tower Semiconductor Ltd (NASDAQ:TSEM) shares jumped around 23% after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance with its midpoint above estimates.
On the economic data front, April wholesale prices jumped 1.4% month-over-month, nearly triple the 0.5% consensus, and headline PPI surged to 6% year-over-year …