S&P 500 Surges 1% On Hopes Of US-Iran Peace Talks: Investor Sentiment Improves, But Greed Index Remains In ‘Fear’ Zone

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The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the “Fear” zone on Monday.

U.S. stocks settled higher on Monday, with the S&P 500 gaining around 1% during the session after President Donald Trump claimed Iran was willing to make a deal.

Trump earlier vowed to block ship traffic tied to Iran in and out of the Strait of Hormuz after the Islamabad peace talks over the weekend without an agreement.

In earnings, Goldman Sachs Group Inc. (NYSE:GS) reported better-than-expected earnings for the first quarter on Monday. shares of Fastenal Co. (NASDAQ:FAST) fell around 7% on Monday after the company reported earnings for the first quarter.

On the economic …

Full story available on Benzinga.com

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