The CNN Money Fear and Greed Index remained in the “fear” zone after US stocks ended slightly higher on Wednesday in choppy trading.

The modest gains followed a sharp fall on Tuesday, when the Dow Jones fell more than 1,200 points after the release of August CPI data.

Data released on Wednesday showed that the producer price index for final demand fell 0.1% mom in August, compared with a 0.4% decline in July.

That dow gained 0.10% to close at 31,135.09 on Wednesday. That S&P500 rose 0.34% to 3,946.01, while the Nasdaq Composite gained 0.74% to trade at 11,719.68 in the previous session.

Moderna, Inc. MRNA was one of the best-performing stocks on the Nasdaq, gaining over 6% on Wednesday Tesla, Inc. TSLA increased by 3.6%.

Investors are now awaiting the earnings results of Adobe Inc. ADBE and bowlero corp BOWLshould be published today.

With a current reading of 42.0, the index remained in “fear” territory after previously reading 42.0.

What is the CNN Business Fear & Greed Index?

The Fear & Greed Index is a measure of current market sentiment. It is based on the premise that higher fear puts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equally weighted indicators. The index ranges from 0 to 100, with 0 representing maximum fear and 100 representing maximum greed.