The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index in the “Fear” zone on Friday.
U.S. stocks settled mixed on Friday, with the Dow Jones index falling more than 150 points during the session.
However, stocks recorded gains last week, with the S&P 500 gaining around 1.5% and the Dow rising 0.6%. The Nasdaq gained 2.6% during the week.
Traders digested weaker-than-expected retail sales and the potential for peace talks between Russia and Ukraine. Retail sales in the U.S. fell 0.9% month-over-month in January, significantly worse than the anticipated 0.1% drop.
SoundHound AI Inc. (NASDAQ:SOUN) shares dipped 28% on Friday after Nvidia Corp. (NASDAQ:NVDA) disclosed in a 13F filing that it dissolved its stake in the company. Shares of Serve Robotics Inc. (NASDAQ:SERV) tumbled 40% after an amended 13G filing shows Nvidia holds no stake in the company.
Most sectors on the S&P 500 closed on a negative note, with healthcare, consumer staples, and utilities stocks recording losses on Friday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 165 points to 44,546.08 on Friday. The S&P 500 fell 0.01% to 6,114.63, while the Nasdaq Composite jumped 0.41% to 20,026.77 during Friday's session.
Investors are awaiting earnings results from Medtronic plc (NYSE:MDT), Occidental Petroleum Corp. (NYSE:OXY), and Fluor Corp. (NYSE:FLR) today.
What is CNN Business Fear & Greed Index?
At a current reading of 44.5, the index was in the “Fear” zone on Friday, versus a prior reading of 43.3.
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.
Read Next:
Photo courtesy: Shutterstock
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。