Fear and Greed Index Moves into ‘Greed’ Zone After Fed Decision – Apple (NASDAQ:AAPL), Kellogg (NYSE:K)

The CNN Money Fear & Greed Index moved into “greed” territory following the Federal Reserve’s interest-rate decision.

As widely expected, the Fed raised rates by 25 basis points. The SPDR S&P Regional Banking ETF fell more than 1% on Wednesday.

After the closing bell, Qualcomm Incorporated qcom reported better-than-expected sales results for its second quarter, but issued weaker guidance for the third quarter.

On Wednesday, the Dow Jones closed down nearly 270 points at 33,414.24. The S&P 500 fell 0.70% to 4,090.75 during the session, while the Nasdaq Composite lost 0.46% to 12,025.33.
Investors await earnings results kellogg company K, Apple Inc. AAPL And PG & E Corporation pcg Today.

At the current reading of 58.0, the index moved into “greed” territory as compared to the previous reading of 53.0

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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