The CNN Money Fear and Greed Index showed some improvement in overall sentiment among US investors on Monday.
US stocks closed higher on Monday as investors assessed the results of the latest batch of earnings.
State Road Corporation STT Shares fell more than 9% on Monday after the company reported worse-than-expected first-quarter results Charles Schwab Corporation schw Shares gained nearly 4% after posting upbeat quarterly earnings.
On Monday, the Dow Jones closed at 33,987.18 with a gain of more than 100 points. The S&P 500 rose 0.33% to 4,151.32 during the session, while the Nasdaq Composite rose 0.28% to 12,157.72.
Investors await earnings results The Goldman Sachs Group, Inc. g s, Bank of America Corporation BAC And Netflix, Inc. nflx Today.
At the current reading of 70.0, the index remained in the “greed” zone as compared to the previous reading of 67.0
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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