The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index recording another record close as diplomatic signals on Iran helped cool oil and pulled Treasury yields lower for a third consecutive session.
The S&P 500 gained 0.9% last week, notching its eighth consecutive winning week. The Dow surged 2.1%, while the Nasdaq rose 0.5% last week.
In earnings, shares of BJ's Wholesale Club Holdings Inc. (NYSE:BJ) fell over 8% on Friday after the company reported earnings for the first quarter.
On the economic data front, the University of Michigan consumer sentiment index was revised to a record low 44.8 in May from a preliminary 48.2, a third straight monthly drop blamed on Hormuz-driven gasoline costs.
