Investor Optimism Declines After Dow Settles Lower

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Friday.

The Dow Jones closed lower on Tuesday as investors monitored the development of the debt ceiling deal. Concerns over the potential for further rate increase also weighed on market sentiment.

NVIDIA Corporation NVDA shares gained 3% on Tuesday after the company announced it would build the Israel-1 generative AI cloud supercomputer.
The Dow Jones closed lower by around 50 points to 33,042.78 on Tuesday. The S&P 500 rose 0.01% at 4,205.52, while the Nasdaq Composite climbed 0.32% to settle at 13,017.43 during the session.

Investors are awaiting earnings results from Advance Auto Parts, Inc. AAP, Salesforce, Inc. CRM and Capri Holdings Limited CPRI today.

At a current reading of 65.0, the index remained in the "Greed" zone, versus a previous reading of 68.0

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: Wall Street's Most Accurate Analysts Say Hold These 3 Materials Stocks With Over 4% Dividend Yields

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPre-Market OutlookMarketsTrading IdeasCNN Business Fear & Greed Index
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!