The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Wednesday. U.S. stocks settled higher on Wednesday, with the S&P 500 recording gains for the fifth straight session following the release of inflation data. On the economic data front, headline CPI inflation fell from 3% in June to 2.9% in July 2024 on a year-over-year basis, falling short of the consensus forecast of 3% tracked by TradingEconomics. On a monthly basis, inflation increased by 0.2% in July, rebounding from the previous month’s contraction of …
