The CNN Money Fear & Greed Index showed a slight improvement in overall market sentiment among US investors.
US stocks closed mixed on the Nasdaq for the second straight session on Wednesday as investors assessed the latest corporate earnings.
Microsoft Corporation msft Shares tumbled on Wednesday after the company reported worse-than-expected second-quarter sales results.
On Wednesday, the Dow closed at 33,743.84, up nearly 10 points. The S&P 500 ended the session down 0.02% at 4,016.22, while the Nasdaq Composite shed 0.18% at 11,313.36.
Investors await earnings results mastercard included M.A., Intel Corporation INTC And Visa Inc. V today.
At the current reading of 64.0, the index remained in the “greed” zone as compared to the previous reading of 63.0.
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.