Investor Sentiment Improves Following Fed Minutes; Nasdaq Settles Lower

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

U.S. stocks closed mixed on Wednesday, with the Nasdaq Composite falling for a third straight session.

On the economic data front, U.S. mortgage applications fell by 10.6% on the week ending Feb. 16, 2024.

The minutes from the latest Federal Open Market Committee (FOMC) meeting underscored the Federal Reserve’s commitment to await more concrete evidence of a disinflationary trend before contemplating interest rate reductions.

Palo Alto Networks, Inc. (NASDAQ: PANW) shares fell more than 28% on Wednesday after the company issued third-quarter adjusted EPS and …

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