The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&P 500 falling from a record high during the session after a hotter-than-expected April inflation report consolidated worries that the Federal Reserve will not cut interest rates this year.
Headline Consumer Price Index accelerated to 3.8% year-over-year in April from 3.3% prior, the highest reading since March 2023 and above the 3.7% consensus, driven largely by gasoline prices.
President Donald Trump criticized an Iranian counteroffer to end the war, and said the month-long ceasefire is “unbelievably weak”.
In earnings, Under Armour Inc. (NYSE:UA) (NYSE:UAA) shares fell almost 17% on Tuesday after the company reported fourth-quarter results that …
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