Investor Optimism Falls Further Ahead Of Major Economic Reports

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The CNN Money Fear and Greed index showed further decline in the overall market sentiment, but the index remained in the “Extreme Greed” zone on Monday.

U.S. stocks closed lower on Monday, ahead of some major economic reports due this week. Data on January’s personal consumption expenditures price index will be released on Thursday. Data on GDP growth, durable goods, and manufacturing activity will also be released later this week.

All three major indices recorded gains last week, with the S&P 500 gaining around 1.7% and the Dow adding 1.3% for the week.

Shares of Domino’s Pizza Inc (NYSE: DPZ) gained around 5.9% on Monday after the company reported better-than-expected fourth-quarter earnings. Intuitive Machines, Inc. (NASDAQ: LUNR) shares dipped …

Full story available on Benzinga.com


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