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Investor Optimism Improves Slightly As Investors Assess Earnings Reports
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the “Fear” zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the S&P 500 closing slightly higher during the session.
On the economic data front, new orders for manufactured durable goods rose by 2.6% month-over-month in March compared to a revised 0.7% gain in February.
Tesla, Inc. (NASDAQ:TSLA) shares jumped 12% on Wednesday following first-quarter earnings. Additionally, B of A Securities upgraded the stock from Neutral to Buy. Boeing (NYSE:BA) shares fell around 2.9% on Wednesday following first-quarter financial results.
As ...