Fear and Greed Index Moves into ‘Neutral’ Zone After US Stocks Fall for Fourth Day – Johnson Controls Int’l (NYSE: JCI), Cigna Group (NYSE: CI)

The CNN Money Fear & Greed Index moved into “neutral” territory after US stocks fell on Thursday.

Major US indices posted losses for the fourth day in a row on Thursday, while the Dow Jones turned negative for the year.

PacWest Bancorp pacw Shares plunged more than 50% on Thursday after a report suggested the bank’s strategic weight Option, The company later confirmed reports about the bank exploring strategic options and acknowledged concerns regarding its health.

Investors also digested the Federal Reserve’s policy decision, as the central bank raised rates by 25 basis points on Wednesday. Data on nonfarm payrolls for April will be released today at 8:30 AM ET.

On Thursday, the Dow Jones closed down 287 points at 33,127.74. The S&P 500 fell 0.72% to 4,061.22 during the session, while the Nasdaq Composite lost 0.49% to 11,966.40.

Investors await earnings results warner bros discovery, inc. West Bengal, Johnson Controls International Plc JCI And cigna group CI Today.

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

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.

Read further: Here’s a look at 3 high-yielding dividend stocks in the consumer staples sector from Wall Street’s most accurate analysts

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