S&P Pulls Back From Record High As Inflation Data Dents Investor Optimism: Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.

U.S. stocks settled lower on Thursday, with the S&P 500 and Dow Jones index retreating from record high levels during the session.

On the economic data front, U.S. initial jobless claims rose by 33,000 from the prior week to 258,000 in the week ending October 5th, compared to market estimates of 230,000. The annual inflation rate in the U.S. eased for a sixth straight month to 2.4% in September from 2.5% in the previous month but came ...

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