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The CNN Money Fear and Greed index showed some easing in the fear level among US investors.
US stocks ended lower on Wednesday, ending a two-session winning streak amid a sharp increase in Treasury yields.
Netflix Inc NFLX shares climbed 13% on Wednesday after the streaming giant posted upbeat earnings and revenue for the latest quarter. United Airlines Holdings Inc UAL rose around 5% following strong quarterly results.
The Dow fell 0.33% to close at 30,423.81 on Wednesday, while the S&P 500 fell 0.67% to 3,695.16. The Nasdaq Composite fell 0.85% to settle at 10,680.51 in the previous session, amid a decline in Microsoft Corporation MSFT and Amazon.com, Inc. AMZN shares.
Investors are now awaiting earnings reports from AT&T Inc. T, American Airlines Group Inc. AAL, Dow Inc. DOW and Snap Inc SNAP.
At a current reading of 36.0, the index remained in the “fear” zone, following a previous reading of 35.0.
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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Image and article originally from www.benzinga.com. Read the original article here.