The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, but the index remained in the “Neutral” zone on Wednesday.
U.S. stocks settled higher on Wednesday following the release of the Federal Reserve's minutes from the recent policy meeting.
Minutes from the July Federal Open Market Committee (FOMC) meeting have further solidified investors' expectations for a rate cut at the upcoming September meeting, as policymakers highlighted continued progress in disinflation.
On the economic data front, mortgage applications in the U.S. declined by 10.1% from the prior week in the week ending Aug. 16.
Shares of Macy's, Inc. (NYSE:
