The CNN Money Fear and Greed Index showed a slight improvement in general sentiment among US investors on Tuesday.

US stocks closed lower on Tuesday ahead of this week’s main inflation report. The SPDR S&P Regional Banking ETF fell around 1% on Tuesday on concerns in the banking sector sector.
After Tuesday’s pivotal meeting, President Joe Biden and Republicans reportedly failed to reach consensus on the debt ceiling crisis, instead agreeing to hold another meeting on Friday.

PayPal Holdings Inc PYPL Shares fell more than 12% on Tuesday despite reporting better-than-expected quarterly results.

The Dow Jones closed around 57 points lower at 33,561.81 on Tuesday. The S&P 500 fell 0.46% to 4,119.17, while the Nasdaq Composite fell 0.63% to settle at 12,179.55 during the session.

Investors await earnings results from Teva Pharmaceutical Industries Limited TEWA, Company of the Performance Food Group PFGC And The Walt Disney Company DIS Today.

With the current reading at 61.0, the index has remained in “greed” territory versus a previous reading of 60.0

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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