The CNN Cash Concern and Greed index confirmed slight decline within the general sentiment amongst US traders.
The Dow Jones recorded features on Friday, however nonetheless ended the week down 0.17%. Traders digested latest financial knowledge and earnings experiences.
Lyft, Inc. LYFT shares dipped over 36% on Friday after the corporate issued Q1 income steering beneath analyst estimates.
The Dow closed increased by round 169 factors to 33,869.27 on Friday. The S&P 500 rose 0.22% to 4,090.46, whereas the Nasdaq Composite dropped 0.61% to settle at 11,718.12 within the session.
Traders are awaiting earnings outcomes from TreeHouse Meals, Inc. THS,
Avis Price range Group, Inc. CAR and Arista Networks, Inc. ANET as we speak.
At a present studying of 70.0, the index remained within the “Greed” zone, in comparison with a earlier studying of 72.0.
What’s CNN Enterprise Concern & Greed Index?
The Concern & Greed Index is a measure of the present market sentiment. It’s primarily based on the premise that increased concern exerts strain on inventory costs, whereas increased greed has the other impact. The index is calculated primarily based on seven equal-weighted indicators. The index ranges from 0 to 100, the place 0 represents most concern and 100 alerts most greediness.
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