The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the “Extreme Fear” zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the Nasdaq Composite gaining more than 1% during the session following the release of inflation data.
In February, the Consumer Price Index declined from 3% year-over-year to 2.8%, beating analysts’ expectations of a slowdown to 2.9%. Core inflation also dropped more than anticipated, easing from 3.3% to 3.1%.
The U.S. imposed 25% tariffs on steel and aluminum in April, prompting swift retaliation. In response, the EU introduced tariffs on €26 billion worth of …