S&P 500 Jumps To Fresh All-Time Highs After Inflation Data: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Market Sentiment - The CNN Money Fear and Greed index improved, remaining in the "Greed" zone with a reading of 63.1, up from 58.4 [5] - U.S. stocks closed higher, with the S&P 500 surging over 1% and reaching new record highs [1] Economic Indicators - The Consumer Price Index (CPI) held steady at 2.7% year-over-year, below expectations, leading to speculation about potential interest rate cuts [2] - Airline fares increased by 4% month-over-month, contributing to a rally in airline stocks [2] Company News - WideOpenWest, Inc. shares rose by 49% after the company agreed to be acquired for $5.20 per share [3] - Investors are anticipating earnings results from Brinker International Inc., Performance Food Group Co., and Cisco Systems, Inc. [4] Stock Market Performance - All sectors of the S&P 500 closed positively, with communication services, information technology, and financial stocks showing the largest gains [3] - The Dow Jones increased by approximately 484 points to 44,458.61, while the S&P 500 rose 1.13% to 6,445.76, and the Nasdaq Composite jumped 1.39% to 21,681.90 [3]