The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Extreme Greed” zone on Friday.
U.S. stocks closed lower on Friday, with the Dow Jones index falling more than 100 points during the session.
All three major indices recorded losses last week, ending their five-week winning streaks. The S&P 500 fell by 0.42%, while the Dow lost 0.11% during the week.
On the economic data front, U.S. producer prices for final demand rose 0.3% month-over-month in January, recording the biggest rise in five months, compared to a 0.1% fall in the previous month. However, analysts were expecting a 0.1% increase in producer prices. The University of Michigan consumer sentiment rose to a reading of 79.6 in February …
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