S&P 500 Hits New Record High Following PPI Data: Investor Sentiment Improves, Fear Index Remains In ‘Gree

The CNN Money Fear and Greed Index showed further improvement in overall market sentiment, while the index remained in the "Greed" zone on Thursday.

U.S. stocks settled higher on Thursday, with the S&P 500 closing at a new record high following the release of PPI data.

Headline producer prices were flat in July against expectations for a 0.2% rise, and core PPI also undershot, echoing Wednesday’s cooler consumer inflation report that showed the annual rate easing to 3.4%.

Initial jobless claims rose to 209,000 for the week ended Aug. 8, up 9,000 from the prior week.

Sandisk Corp.