The CNN Money Fear & Greed Index showed some decline in overall market sentiment on Thursday.
US stocks closed lower on Thursday following mixed results.
Tesla, Inc. TSLA Shares fell about 9.8% on Thursday after the company reported a decrease in operating margin.
Seagate Technology Holdings plc stx Shares fell more than 9% after the company reported worse-than-expected third-quarter results.
On Thursday, the Dow Jones closed at 33,786.62, down about 110 points. The S&P 500 fell 0.60% to 4,129.79 during the session, while the Nasdaq Composite lost 0.80% to 12,059.56.
Investors await earnings results Procter & Gamble Company PG, hca healthcare, inc. hca And Schlumberger Limited SLB Today.
At the current reading of 64.0, the index remained in the “greed” zone as compared to the previous reading of 68.0
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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