The CNN Money Fear and Greed Index showed a decline in overall sentiment among US investors on Friday.
The Dow Jones closed lower on Tuesday as investors tracked developments on the debt ceiling deal. Worries over the possibility of further rate hike also weighed on the market sentiment.
nvidia corporation NVDA Shares of the company rose 3% on Tuesday after the company announced it would build the Israel-1 generative AI cloud supercomputer.
On Tuesday, the Dow Jones closed down nearly 50 points at 33,042.78. The S&P 500 rose 0.01% to 4,205.52 during the session, while the Nasdaq Composite climbed 0.32% to 13,017.43.
Investors await earnings results Advance Auto Parts, Inc. AAP, Salesforce, Inc. crm And Capri Holdings Limited CPRI Today.
At the current reading of 65.0, 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.
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