Dow Records Weekly Losses as Investor Optimism Declines – Arista Networks (NYSE:ANET), Avis Budget GR (NASDAQ:CAR)

The CNN Money Fear & Greed Index showed a slight decline in overall sentiment among US investors.

The Dow Jones posted gains on Friday, but still ended the week down 0.17%. Investors digested the recent economic data and earnings reports.

Lyft, Inc. the lift Shares plunged more than 36% on Friday after the company issued Q1 revenue guidance below analyst estimates.

On Friday, the Dow climbed nearly 169 points to close at 33,869.27. The S&P 500 rose 0.22% to 4,090.46 in the session, while the Nasdaq Composite dropped 0.61% to 11,718.12.

Investors await earnings results Treehouse Foods, Inc. quarter,

Avis Budget Group, Inc. car And Arista Networks, Inc. a net Today.

At the current reading of 70.0, the index remained in the “greed” zone as compared to the previous reading of 72.0.

What is the CNN Business Fear and Greed Index?

The Fear and Greed Index is a measure of the current market sentiment. This is on the grounds that high fear tends to put pressure on stock prices, while high greed has the opposite effect. The index is calculated on the basis of seven equally weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 indicates maximum greed.

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