The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the "Greed" zone on Wednesday.
U.S. stocks closed higher on Wednesday before inflation data and earnings were released. The consumer price index for December is scheduled for release on Thursday, while the producer price index will be released on Friday.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining over 100 points on Wednesday.
The Dow traded up 0.29% to 37,633.43 while the NASDAQ rose 0.72% to 14,965.31. The S&P 500 also rose, gaining, 0.48% to 4,779.31.
Goldman Sachs predicts a promising future for U.S. small-cap stocks, with the Russell 2000 expected to outperform the S&P 500 in 2024, driven by favorable valuations, economic growth, and historical election year trends
Key Takeaways:
Yixin will sell its 49% stake in a 2-year-old joint venture to partner Qingdao Caitong, which wants to expand into areas beyond the venture’s original auto leasing services
Yixin’s auto financing business is growing despite an unsteady Chinese car market, fueled by booming demand for electric vehicles