CNN’s Money Fear and Greed Index showed a further improvement in overall sentiment among US investors on Monday.

US stocks ended mixed on Monday after the S&P 500 posted its best weekly performance since March last week.

Investors are awaiting the first quarter GDP data and personal consumption spending indicator, which are due out this week. The release of the latest Fed minutes, due on Wednesday, will also remain in focus.

The Dow Jones closed about 140 points lower at 33,286.58 on Monday. The S&P 500 was up 0.02% on the session to 4,192.63, while the Nasdaq Composite was up 0.50% to close at 12,720.78.

Investors are waiting for earnings results from Lowe’s Companies, Inc. LOW, AutoZone, Inc. AZO And Intuit Inc. INTU Today.

With a current reading of 70.0, the index remained in the “greed” zone compared to 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 greater fear puts pressure on stock prices, while greater greed has the opposite effect. The index is calculated based on seven equally weighted indicators. The index ranges from 0 to 100, with 0 signaling maximum fear and 100 signaling maximum greed.

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