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Dow Jumps Over 650 Points Following Inflation Data: Fear & Greed Index Moves To 'Neutral' Zone
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index moving to the “Neutral” zone on Friday.
U.S. stocks closed higher on Friday, with the Dow Jones index jumping around 650 points during the session following the release of recent inflation data.
The headline Personal Consumption Expenditure (PCE) price index fell to 2.5% year-on-year in June, as expected. The core component remained steady at 2.6%, countering expectations of a drop to 2.5%. The headline index’s decline to 2.5% marks the lowest point since February 2021, a level also seen in January and February 2024.
The S&P 500 fell 0.8% last week, while the Nasdaq dipped 2.1%, with ...