The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Friday.
U.S. stocks settled higher on Friday, following comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium.
Powell signaled a forthcoming shift in interest rates, stating, "The time has come for policy to adjust." His remarks suggest the Fed is on the cusp of easing interest rates, yet Powell emphasized the importance of data-driven decisions, carefully avoiding any commitment to specific timing or the magnitude of those cuts.
Tech stocks moved higher with investors expecting a lower interest-rate environment to benefit the group. Shares of Tesla, Inc. (NASDAQ:TSLA) ...
