Investor Sentiment Edges Higher As S&P 500 Briefly Breaches 5,000 Level

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The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Extreme Greed” zone on Thursday.

U.S. stocks closed higher on Thursday, after the S&P 500 briefly surpassed the 5,000 mark for the first time on record.

Shares of The Walt Disney Company (NYSE: DIS) jumped 11.5% on Thursday after the company reported better-than-expected earnings for its first quarter and declared a cash dividend of 45 cents per share. Arm Holdings plc (NASDAQ: ARM) shares surged around 48% after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.

On the economic data front, U.S. initial jobless …

Full story available on Benzinga.com


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