Fear & Greed Index Remains in ‘Greed’ Zone After Economic Data -…

Fear & Greed Index Remains in ‘Greed’ Zone After Economic Data -…

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The CNN Money Fear and Greed Index remained in the “greed” zone on Friday.

US stocks ended lower on Friday as investors digested the latest economic reports. US retail sales fell 1% mom in March versus a revised 0.2% decline in February. The US import price index fell 0.6% mom in March, while export prices fell 0.3% in March.

shares of JPMorgan Chase & Co. JPM rose around 7.5% on Friday after the company reported better-than-expected Q1 results.

The Dow Jones closed around 143 points lower at 33,886.47 on Friday. The S&P 500 fell 0.21% to 4,137.64, while the Nasdaq Composite lost 0.35% to settle at 12,123.47 during the session.

However, the Dow posted gains for a fourth straight week, gaining 1.2% last week.

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

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: Top 5 industrial stocks that could take off in Q2

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