Why The Fear Level Among US Investors Is Easing
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index showed a decrease in fear among US investors, but the index remained in the 'Fear' zone. Despite the ongoing conflict in the Middle East, US stocks, crude oil futures, and defense stocks rose. National Western Life Group, Inc. (NASDAQ:NWLI) shares gained over 16% after the company announced a merger deal with Prosperity Life Group. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher on Monday.
October 10, 2023 | 1:00 pm
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National Western Life Group, Inc. shares gained over 16% after the company announced a merger deal with Prosperity Life Group.
The announcement of the merger deal with Prosperity Life Group has led to a significant increase in the share price of National Western Life Group, Inc. This indicates a positive market reaction to the deal, suggesting that investors see it as beneficial for the company's future prospects.
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