US stocks closed lower on Thursday following the release of recent labor market data.
Data from the Labor Department showed initial jobless claims coming in lower-than-expected during the recent week, indicating a tight labor market.
The CNN Money Fear and Greed index moved to a "Neutral" zone after US stocks closed lower on Thursday.
The Dow Jones recorded losses for the third session in a row after investors grew concerned that the Fed will continue increasing interest rates despite signs of easing inflation.
Major Wall Street indices closed in the red on Thursday after U.S. unemployment data showed the labor market continues to remain resilient, a factor considered to be crucial in driving the Federal Reserve’s future policies.