The CNN Money Fear and Greed Index showed a slight easing in market sentiment, although US stocks posted gains on Thursday.
The S&P 500 closed higher in the previous session, ending its longest losing streak since October.
Data released on Thursday showed a slight increase in jobless claims, with ongoing claims hitting the highest level since February.
Markets expect the US Federal Reserve to announce a 50 basis point rate hike at next week’s monetary policy meeting.
shares of GameStop Corp. GME rose more than 11% on Thursday following the company’s third-quarter financial results.
The Dow gained around 184 points to close at 33,781.48 on Thursday. The S&P 500 was up 0.75% to 3,963.51, while the Nasdaq Composite jumped 1.13% to settle at 11,082.00 in the previous session.
Johnson Outdoors Inc. YEAH and LiAuto Inc. LI will announce quarterly results today.
At a current reading of 57.0, the index remained in “greed” territory compared to a previous reading of 58.0.
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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