The Fear and Greed Index remains in ‘Greed’ territory, following higher levels in US stocks – Alibaba Group Holding (NYSE: BABA), Carter’s (NYSE: CRI)

The CNN Money Fear and Grid indexes remained in “greed” territory after US stocks closed higher on Thursday.

The S&P 500 is on track to record its worst weekly performance since December 16.

Alibaba Group Holding Limited – ADR Dad Shares fell slightly on Thursday after the company reported better-than-expected third-quarter results.

On Thursday, the Dow climbed nearly 109 points to close at 33,153.91. The S&P 500 rose 0.53% to 4,012.32 during the session, while the Nasdaq Composite rose 0.72% to 11,590.40.

Investors await earnings results HF Sinclair Corporation dino, Carter, Inc. cri And Evergy Inc EVRG Today.

At the current reading of 63.0, the index remained in the “greed” zone 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.

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