The CNN Money Fear and Greed Index showed a further improvement in general sentiment among US investors on Thursday.

US stocks closed higher on Thursday after the release of inflation data. Producer prices for final demand fell by 0.5% mom in March, the largest decline since April 2020.

Delta Air Lines, Inc. DAL Shares fell Thursday after the company reported weaker-than-expected quarterly results.

The Dow closed about 383 points higher on Thursday at 34,029.69. The S&P 500 was up 1.33% to 4,146.22, while the Nasdaq Composite was up 1.99% to settle at 12,166.27 during the session.

US major banks, including JPMorgan Chase & Co. JPM, Wells Fargo & Company WFC And Citigroup Inc. Care all set to report quarterly earnings results today.

With the current reading at 67.0, the index remained in “greed” territory versus a previous reading of 62.0

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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