The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the “Fear” zone on Monday.
U.S. stocks settled mixed on Monday, with the Nasdaq Composite gaining more than 200 points during the session amid signs of de-escalation in the Middle East.
President Donald Trump posted early Monday that “both sides, Israel and Iran, are looking to do an immediate ceasefire,” shortly before Iran’s armed forces said they had ended military operations against Israel, while warning of “harsher attacks” if strikes on Lebanon resume.
Major indices on Wall Street closed lower last week, with the S&P 500 falling more than 2% and the Nasdaq Composite declining 4.7%.
Shares of Micron Technology Inc. (NASDAQ:MU) jumped almost 10% on Monday after falling 13% in the previous session.
Most sectors on the S&P 500 closed on a negative note, with utilities, real estate and materials stocks recording the biggest losses on Monday. However, information technology and energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 81 points to 50,786.01 on Monday. The S&P 500 gained 0.30% to 7,405.73, while the Nasdaq Composite climbed 0.86% at 25,929.66 during Monday’s session.
Investors are awaiting earnings results from United Natural Foods Inc. (NYSE:UNFI), J.M. Smucker Co. (NASDAQ:SJM) and Caseys General Stores Inc. (NASDAQ:CASY) today.
What Is CNN Business Fear & Greed Index?
At a current reading of 40.1, the index remained in the “Fear” zone on Monday, versus a prior reading of 42.
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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