The CNN Money Fear and Greed Index showed a further deterioration in overall sentiment among US investors on Thursday.
The Dow Jones closed down for the fourth straight session. the walt disney company district share. Disney shares fell 8.7% on Thursday after the company reported a decline in Disney+ paid subscribers.
The producer price index rose just 0.2% on a monthly basis during April, versus economists’ expectations for a 0.3% increase. The Consumer Price Index, released on Wednesday, showed year-on-year inflation rising 4.9% in April.
On Thursday, the Dow Jones closed at 33,309.51, down about 222 points. The S&P 500 fell 0.17% to 4,130.62 during the session, while the Nasdaq Composite rose 0.18% to 12,328.51.
Investors await earnings results Spectrum Brands Holdings, Inc. spb And Crescent Point Energy Corporation cpg Today.
At the current reading of 59.0, the index remained in the “greed” zone as compared to the previous reading of 60.0
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.