Investor Sentiment Declines Following Jobs Data

The CNN Money Fear and Greed index showed further decline in overall sentiment among U.S. investors on Friday.

U.S. stocks closed lower on Friday, following the release of mixed jobs report. The U.S. economy added 209,000 jobs in June versus a revised gain of 306,000 jobs in May. Analysts were expecting for a gain of 225,000 jobs. The unemployment rate fell to 3.6% in June from 3.7% in May, while average hourly earnings increased by 0.4% to $33.58 in June.

Mizuho maintained Tesla, Inc. TSLA with a Buy and raised the price target from $230 to $300.

All three major indices recorded losses last week, with the Dow Jones losing 1.96%, notching its worst weekly performance since March.

The Dow Jones closed lower by around 187 points to 33,734.88 on Friday. The S&P 500 fell 0.29% at 4,398.95, while the Nasdaq Composite lost 0.13% at 13,660.72 during the session.

Investors are awaiting earnings results from Helen of Troy Limited HELE and PriceSmart, Inc. PSMT today.

At a current reading of 78.0, the index remained in the "Extreme Greed" zone, versus a previous reading of 79.0

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.

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