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The CNN Money Fear and Greed index showed some decline in the overall market sentiment on Monday.
The Nasdaq Composite dropped on Monday ahead of earnings results from big tech companies.
The Coca-Cola Company (NYSE:KO) reported better-than-expected results for its first quarter on Monday.
As far as the earnings season is concerned, around 76% of the S&P 500 companies have released quarterly results so far have exceeded market estimates.
The Dow Jones closed higher by around 66 points to 33,875.40 on Monday. The S&P 500 rose 0.09% at 4,137.04, while the Nasdaq Composite fell 0.29% to settle at 12,037.20 during the session.
Investors are awaiting earnings results from Alphabet Inc. (NASDAQ:GOOGL), General Motors Company (NYSE:GM), Verizon Communications Inc. (NYSE:VZ) and Microsoft Corporation (NASDAQ:MSFT) today.
At a current reading of 64.0, the index remained in the "Greed" zone, versus a previous reading of 65.0
What is CNN Business Fear & Greed Index?
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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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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