The CNN Money Fear & Greed Index remained in “greed” territory on Wednesday.
US stocks closed mostly lower on Wednesday as investors assessed earnings reports from companies including Netflix, Inc. nflx And Morgan Stanley M / s,
Netflix, Inc. nflx Shares fell 3.2% on Wednesday after the company reported mixed Q1 financial results and issued weak Q2 guidance. Morgan Stanley M / s Shares rallied after strong quarterly results.
On Wednesday, the Dow Jones closed down nearly 80 points at 33,897.01. The S&P 500 fell 0.01% to 4,154.52 during the session, while the Nasdaq Composite rose 0.03% to 12,157.23.
Investors await earnings results AT&T Inc. Tea, american express company axp And Philip Morris International Inc. time Today.
At the current reading of 68.0, the index remained in the “greed” zone as compared to the previous reading of 68.0
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.