CNN Money Fear & Greed Index moves into “neutral” zone after Dow Jones falls more 200 marks on Wednesday.
shares of First Republic Bank FRC It fell nearly 30% on Wednesday, following a more than 49% decline in the previous session, widening losses as the bank reported a 40% drop in deposits in the first quarter.
Microsoft Corporation msft Shares rose more than 7% on Wednesday after the company topped Street expectations for its latest quarter, its highest level in more than a year. Technology Select Sector SPDR Fund xlk Inched up about 1.5% during the session.
On Wednesday, the Dow Jones closed down 229 points at 33,301.87. The S&P 500 fell 0.38% to 4,055.99 during the session, while the Nasdaq Composite rose 0.47% to 11,854.35.
Investors await earnings results mastercard included M.A., Amazon.com, Inc. amzn And Caterpillar Inc. Cat Today.
At the current reading of 52.0, the index moved into the “neutral” zone as compared to the previous reading of 57.0
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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