The CNN Money Fear and Greed Index moved into “neutral” zone after US stocks posted strong gains on Friday.

The Dow climbed around 700 points on Friday after the release of the jobs report, which showed the US economy added 223,000 jobs in December, the fewest since December 2020, after a revised 256,000 increase in November. Average hourly earnings rose 0.3% in December to $32.82.

The Dow closed 2.13% higher on Friday at 33,630.61. The S&P 500 was up 2.28% to 3,895.08, while the Nasdaq Composite was up 2.56% to settle at 10,569.29 in the previous session.

Investors await earnings results from Acuity Brands, Inc. AYI, PriceSmart, Inc. PSMT and Commercial metal company CMC today.

With the current reading at 46.0, the index moved into “neutral” territory compared to a previous reading of 44.0.

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.

Continue reading: “ AbbVie, Goldman Sachs, and this electric vehicle maker via CNBC’s “final trades.”