The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index moving to the “Extreme Greed” zone on Wednesday.
U.S. stocks closed higher on Wednesday, with the S&P 500 index edging closer to the 5,000 mark. The index first breached the 4,000 mark in April 2021.
Ford Motor Company (NYSE: F) shares gained over 6% on Wednesday after the company reported better-than-expected fourth-quarter financial results and issued guidance. Chipotle Mexican Grill, Inc. (NYSE: CMG) shares climbed more than 7% after the company reported better-than-expected fourth-quarter financial results and announced a share repurchase of up to $200 million.
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