S&P 500 Hits Record High: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Wednesday.

U.S. stocks settled higher on Wednesday, with the Dow Jones index gaining more than 100 points during the session. The S&P 500 also hit a new all-time closing high on Wednesday.

On the economic data front, the volume of mortgage applications declined by 0.5% from the previous week in the third week of August, following a 1.4% decline in the prior month.

MongoDB Inc. (NASDAQ:MDB) shares jumped 38% after the company reported better-than-expected second-quarter financial results and raised its ...