Dow Jumps Around 200 Points, But Investor Sentiment Decreases Slightly

The CNN Money Fear and Greed index showed some easing in the overall market sentiment among US investors despite the Dow Jones recording gains on Friday.

US stocks settled mostly higher as investors digested earnings reports and recent comments from Fed officials.

All of the major indices recorded losses for the week, but are still positive for the month.

The Dow gained 0.59% to close at 33,745.69 on Friday. The S&P 500 rose 0.48% to 3,965.34, while the Nasdaq Composite rose 0.01% to settle at 11,146.06 in the previous session.

The J. M. Smucker Company SJM, Zoom Video Communications, Inc. ZM, Dell Technologies Inc. DELL and Jacobs Solutions Inc. J are set to report quarterly earnings today.

At a current reading of 62.0, the index remained in the "Greed" zone, compared to a previous reading of 63.0.

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.