The CNN Money Fear and Greed Index showed some easing of fear among US investors.

The Dow Jones rose on Monday, building on the previous week’s gains. The SPDR S&P Regional Banking ETF was up around 0.9% after rising over 3% earlier in the session.

First Citizens BancShares, Inc. FCNCA Shares rose about 54% on Monday after First-Citizens Bank & Trust Company reached an agreement to buy all of Silicon Valley Bank’s deposits and loans.

The Dow closed about 195 points higher on Monday at 32,432.08. The S&P 500 rose 0.16% to 3,977.53, while the Nasdaq Composite lost 0.47% to settle at 11,768.84 during the session.

Investors await earnings results from Walgreens Boots Alliance, Inc. WBA, McCormick & Company, Incorporated MKC And Micron Technology, Inc. mu Today.

With the current reading at 36.0, the index remained in “fear” territory versus a previous reading of 33.0

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.

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