CNN’s Money Fear and Greed Index showed an overall drop in sentiment among US investors.
US stocks posted a loss on Thursday as investors assessed recent data. This showed producer prices for final demand rose 0.7% month-on-month in January, the highest in seven months. U.S. unemployment claims also fell to 194,000 in the week ending February 11, down from his revised level of 195,000 the previous week.
shares of Tesla Inc. TSLA It fell 5.7% on Thursday and dropped another 1.9% in after-hours trading. Reuters reports that the company will recall more than 362,000 vehicles in the U.S. and update its fully self-driving (FSD) beta software.
The Dow Jones Industrial Average fell about 431 points to close at 33,696.85 on Thursday. The S&P 500 dropped 1.38% to him at 4,090.41 and the Nasdaq Composite dropped 1.78% to him settling at 11,855.83 during the session.
Investors are waiting for earnings results from Autonation Inc. Ann,
Dear & Company DE and PPL Corporation PPL today.
At the current reading of 69.0, the index remained in the “greedy” zone compared to the previous reading of 74.0.
What is the CNN Business Fear & Greed Index?
The Fear & Greed Index is a measure of current market sentiment. This is based on the premise that increased fear puts pressure on stock prices, and increased greed has the opposite effect. This index is calculated based on seven equally weighted indices. The index ranges from 0 to 100, with 0 representing the greatest fear and 100 representing the greatest greed.
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