The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Monday.
U.S. stocks settled lower on Monday, with the Nasdaq Composite falling more than 400 points during the session amid a surge in oil prices. President Donald Trump floated full U.S. control over the Strait of Hormuz and a reimbursement fee on all cargo passing through.
Tech stocks recorded losses, with Nvidia Corp. (NASDAQ:NVDA) falling around 3.5%, while Meta Platforms Inc. (NASDAQ:META) declined about 1.9%.
The S&P 500 gained over 1% last week, while the Nasdaq also rose more than 1%. However, the Dow declined 0.5% during the week.
Most sectors on the S&P 500 closed on a positive note, with energy, utilities and financial stocks recording the biggest gains on Monday. However, information technology and communication services stocks closed the session lower.
The Dow Jones closed lower by around 138 points to 52,498.64 on Monday. The S&P 500 fell 0.79% to 7,515.34, while the Nasdaq Composite dipped 1.55% to 25,873.18 during Monday’s session.
Investors are awaiting earnings results from JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS) and Bank of America Corp. (NYSE:BAC) today.
What Is CNN Business Fear & Greed Index?
At a current reading of 44, the index remained in the “Fear” zone on Monday, versus a prior reading of 43.
The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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