Fear & Greed Index Moves To 'Neutral' Zone As US Stocks Record Gains

The CNN Money Fear and Greed index moved to the "Neutral" zone on Friday.

US stocks closed higher on Friday, also recording gains for the quarter after the Federal Reserve’s preferred gauge of inflation showed a cooler-than-expected rise in prices.

The personal consumption expenditure price index in rose by 5% year-over-year in February, the lowest since September 2021. The US core PCE price index, the Federal Reserve’s preferred inflation gauge, increased by 4.6% annually in February.

The Dow closed higher by around 415 points to 33,274.15 on Friday. The S&P 500 rose 1.44% to 4,109.31, while the Nasdaq Composite added 1.73% to settle at 12,221.91 during the session.

Investors are awaiting earnings results from Science Applications International Corporation SAIC, SWK Holdings Corporation SWKH and Stryve Foods, Inc. SNAX today.

At a current reading of 49.0, the index moved to the "Neutral" zone, versus a previous reading of 44.0

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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