Dow Jumps Over 250 Points As Fed Cuts Rates: Investor Sentiment Edges Lower, Fear Index Remains In 'Greed' Zone
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U.S. stocks had a mixed session on Wednesday, with the Dow Jones rising over 250 points after the Federal Reserve's first interest rate cut of the year by 25 basis points. Despite this, the CNN Money Fear and Greed index showed a slight decline, remaining in the 'Greed' zone at 57.3. General Mills reported better-than-expected fiscal results, while Manchester United shares fell over 6% after mixed financial results. Housing starts and building permits also declined, indicating economic cooling. Investors are awaiting earnings from Darden Restaurants, Factset, and FedEx.
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