Investor Sentiment Improves Slightly, US Stocks Record Gains



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

U.S. stocks closed higher on Wednesday after the three major indices recorded losses for two straight days. Fed Chair Jerome Powell reiterated Wednesday that he would like to have more confidence in inflation moving back sustainably toward the Fed’s 2% target before unleashing policy easing down the road.

Campbell Soup Company (NYSE: CPB) reported better-than-expected earnings for its second quarter. Foot Locker, Inc. (NYSE: FL) shares dipped over 29% on Wednesday after reporting fourth-quarter results.

On the economic data front, private businesses in the U.S. added …

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