The CNN Money Fear and Greed index showed overall market sentiment was positive, with the index remaining in the “Greed” zone on Wednesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index adding 228.91 points, or 0.45%, to close at 51,307.79.
In earnings, shares of Dollar General Corp. (NYSE:DG) tankedalmost 4% on Tuesday after the retailer posted upbeat first-quarter results but delivered a slight revenue miss. Gitlab Inc's (NASDAQ:GTLB) stock also declined by close to 6% after the company reported its quarterly earnings.
On the economic data front, US job openings increased by 731,000 to 7.618 million in April, representing the steepest rise since November 2024. The figure also came in higher than market expectations of 6.88 million. The Logistics Manager's Index declined to 69.5 in May, from 69.9 in the previous month. Despite the deceleration, this was the second-fastest expansion since March 2022.
Most sectors on the S&P 500 closed on a positive note, with utilities, materials and industrials stocks recording the biggest gains on Tuesday. However, the health care and communication services sectors bucked the overall market trend, closing the session lower.
