Dow Rises Over 200 Points Ahead Of Inflation, Earnings Data: Greed Index Remains In 'Fear' Zone

The CNN Money Fear and Greed index remained in the “Fear” zone on Tuesday.

U.S. stocks settled mixed on Tuesday, with the Dow Jones index surging more than 200 points during the session following the release of PPI data. U.S. producer prices rose 0.2% month-over-month in December compared to 0.4% in November, and versus market estimates of 0.3%.

Big Tech shares fell on Tuesday, weighing on the Nasdaq index. Shares of NVIDIA Corporation NVDA fell 1.1%, while Meta Platforms, Inc. META lost 2.3% during the session.

Investors are now awaiting the consumer price index report, due to be released today. Economists expect headline CPI to increase 0.3% in December.

Most sectors on the S&P 500 closed on a positive note, with utilities, materials and financials stocks recording gains on Tuesday. However, communication services and health care stocks bucked the overall market trend, closing the session lower.

The Dow Jones closed higher by around 221 points to 42,518.28 on Tuesday. The S&P 500 rose 0.11% to 5,842.91, while the Nasdaq Composite fell 0.23% at 19,044.39 during Tuesday's session.

Investors are awaiting earnings results from Citigroup C, Goldman Sachs GS and JPMorgan Chase JPM today.

At a current reading of 26.6, the index remained in the “Fear” zone on Tuesday, versus a prior reading of 26.7.

What is CNN Business Fear & Greed Index?

The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.

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