The CNN Money Fear and Greed Index showed a further decline in overall sentiment among US investors.

US stocks ended mixed on Wednesday after posting sharp losses in the previous session following comments from Federal Reserve Chair Jerome Powell.

Investors reviewed economic data that showed US private companies added 242k jobs in February, up from a revised 119k gain in January and above market expectations of 200k. The number of job offers fell in January by 410,000 to 10.824 million.

The Dow closed about 58 points lower at 32,798.40 on Wednesday. The S&P 500 was up 0.14% to 3,992.01, while the Nasdaq Composite was up 0.40% to settle at 11,576.00 during the session.

Investors await earnings results from BJ’s Wholesale Club Holdings, Inc. BJ, Oracle Corporation ORCL And JD.com, Inc. JD Today.

At the current reading of 46.0, the index remained in “neutral” territory compared to a previous reading of 48.0.

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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