The CNN Money Fear and Greed index showed further 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 more than 200 points during the session. The S&P 500 also surged to fresh highs, recording a weekly gain, following the release of the jobs data.
The S&P 500 gained 1% last week, while the Dow and Nasdaq surged 2.3% and 1.9%, respectively.
December nonfarm payrolls rose by 50,000, slightly below expectations of 60,000, confirming a continued cooling in employment growth. The brighter signal came from the unemployment rate, which unexpectedly declined to 4.4% from 4.5%, suggesting the labor market may be stabilizing after months of …