The CNN Money Fear and Greed Index showed an easing in investor sentiment after the Dow Jones fell around 500 points on Monday.

US stocks fell in the previous session on concerns about further Fed policy tightening after a better-than-expected ISM services index for the month of November.

Tesla, Inc. TSLA Shares fell 6.4% on Monday after reports suggested the company plans to scale back production at its Shanghai factory amid weak demand. Salesforce Inc CRM Shares fell over 7% after two analysts lowered price targets on the stock.

The Dow fell around 483 points to close at 33,947.10 on Monday. The S&P 500 fell 1.79% to 3,998.84, while the Nasdaq Composite fell 1.93% to settle at 11,239.94 in the previous session. All three major US indices recorded price gains in the past week.

AutoZone, Inc. AZO, Toll Brothers, Inc. TOL and Signet Jewelers Limited SIG will announce quarterly results today.

With a current reading of 65.0, the index remained in “greed” territory compared to a previous reading of 69.0.

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.