Fear & Greed Index Remains In 'Neutral' Zone Ahead Of Jobs Data

The CNN Money Fear and Greed index showed some decline in overall sentiment in U.S. investors on Monday.

U.S. stocks recorded gains on Monday to kick off the final trading week of the August month.

The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas rose to -17.2 in August, topping market expectations of -21.6.

Investors are awaiting the release of jobs data, due to be released on Friday.

3M Company MMM shares gained over 5% on Monday amid reports of the company reaching a $5.5B settlement over Its faulty military earplugs.

Majority of sectors on the S&P 500 closed on a positive note, with communication services and information technology stocks recording the biggest gains on Monday. However, utilities stocks bucked the overall market trend, closing slightly lower during the session.

The Dow Jones closed higher by around 213 points to 34,559.98 on Monday. The S&P 500 rose 0.63% at 4,433.31, while the Nasdaq Composite added 0.84% at 13,705.13 during the session.

Investors are awaiting earnings results from Best Buy Co., Inc. BBY, HP Inc. HPQ and The J. M. Smucker Company SJM today.

At a current reading of 46.8, the index remained in the "Neutral" zone on Monday, compared to a previous reading of 47.8.

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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