Investor Optimism Improves Following Economic Reports; S&P 500 Settles At Record High

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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 Thursday.

U.S. stocks closed higher on Thursday, with the S&P 500 settling at a fresh record high.

On the economic data front, U.S. initial jobless claims declined by 8,000 from the previous week’s revised reading to 212,000 during the period ending Feb. 9, versus market expectations of 220,000. U.S. retail sales fell 0.8% month-over-month in January compared to a revised 0.4% increase in December and versus market estimates of a 0.1% fall. Industrial production in the U.S. fell by 0.1% from the prior month in January.

Shares of US Foods …

Full story available on Benzinga.com


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