The CNN Money Fear and Greed Index showed an improvement in overall sentiment among US investors.

US stocks rose on Friday as US Treasury yields fell from recent highs after investors digested comments from Federal Reserve officials. The Dow Jones gained around 1.75% last week, ending a four-week losing streak.

Hewlett Packard Enterprise Company HPE released better-than-expected results for its first quarter and raised its earnings guidance for fiscal 23.

The Dow closed around 387 points higher on Friday at 33,390.97. The S&P 500 was up 1.61% to 4,045.64, while the Nasdaq Composite was up 1.97% to settle at 11,689.01 during the session.

Investors await earnings results from Ciena Corporation CIEN, Calavo Growers, Inc. CVGW And Nutanix, Inc NTNX Today.

With a current reading of 55.0, the index remained in “neutral” territory compared to a previous reading of 49.0.

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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