Investor Sentiment Improves; Dow Jumps Over 150 Points

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

U.S. stocks closed higher on Wednesday, after recording sharp losses in the previous session.

On Tuesday, the 30-stock Dow index fell more than 1% following the release of inflation data. The annual inflation rate in the U.S. eased to 3.1% in January from 3.4% in December but came higher than market estimates of 2.9%.

Lyft, Inc. (NASDAQ: LYFT) shares jumped around 35% on Wednesday after the company reported fourth-quarter financial results and issued guidance. Airbnb, …

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