The CNN Money Fear and Greed Index showed some softening in overall US investor sentiment.

US stocks ended mostly higher on Thursday, with the tech-heavy Nasdaq leading the rally.
Investors digested the Fed’s monetary policy decision and comments from Federal Reserve Chair Jerome Powell on Wednesday.

The Dow closed about 39 points lower on Thursday at 34,053.94. The S&P 500 was up 1.47% to 4,179.76, while the Nasdaq Composite was up 3.25% to settle at 12,200.82 on the session.

Investors await earnings results from Cigna Corp AI, Zimmer Biomet Holdings Inc ZBH and Sanofi SA SNY Today.

With a current reading of 72.0, the index remained in “greed” territory compared to a previous reading of 73.0.

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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