Investor Optimism Declines Slightly Ahead Of Big Tech Earnings Reports

The CNN Money Fear and Greed index showed some decline in the overall market sentiment on Monday.

The Nasdaq Composite dropped on Monday ahead of earnings results from big tech companies.

The Coca-Cola Company KO reported better-than-expected results for its first quarter on Monday.

As far as the earnings season is concerned, around 76% of the S&P 500 companies have released quarterly results so far have exceeded market estimates.

The Dow Jones closed higher by around 66 points to 33,875.40 on Monday. The S&P 500 rose 0.09% at 4,137.04, while the Nasdaq Composite fell 0.29% to settle at 12,037.20 during the session.

Investors are awaiting earnings results from Alphabet Inc. GOOGL, General Motors Company GM, Verizon Communications Inc. VZ and Microsoft Corporation MSFT today.

At a current reading of 64.0, the index remained in the "Greed" zone, versus a previous reading of 65.0

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.

Read Next: Top 5 Energy Stocks That Could Blast Off In April