Fear & Greed Index Remains In 'Greed' Zone Following Economic Data

The CNN Money Fear and Greed index remained in the ‘Greed’ zone on Friday.

U.S stocks closed lower on Friday as investors digested recent economic reports. Retail sales in the US dropped 1% month-over-month in March versus a revised 0.2% decline in February. The price index for US imports declined 0.6% from a month ago in March, while export prices dropped 0.3% in March.

Shares of JPMorgan Chase & Co. JPM gained around 7.5% on Friday after the company reported better-than-expected Q1 results.

The Dow Jones closed lower by around 143 points to 33,886.47 on Friday. The S&P 500 fell 0.21% at 4,137.64, while the Nasdaq Composite lost 0.35% to settle at 12,123.47 during the session.

The Dow, however, recorded gains for the fourth week in a row, adding 1.2% last week.

At a current reading of 67.0, the index remained in the "Greed" zone, versus a previous reading of 67.0

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.

Read Next: Top 5 Industrials Stocks Which Could Blast Off In Q2

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