Investor Optimism Declines As Dow Records Weekly Loss

The CNN Money Fear and Greed index showed slight decline in the overall sentiment among US investors.






© Provided by Benzinga


The Dow Jones recorded gains on Friday, but still ended the week down 0.17%. Investors digested recent economic data and earnings reports.

Load Error

Lyft, Inc. (NASDAQ: LYFT) shares dipped over 36% on Friday after the company issued Q1 revenue guidance below analyst estimates.

The Dow closed higher by around 169 points to 33,869.27 on Friday. The S&P 500 rose 0.22% to 4,090.46, while the Nasdaq Composite dropped 0.61% to settle at 11,718.12 in the session.

Investors are awaiting earnings results from TreeHouse Foods, Inc. (NYSE: THS),

Avis Budget Group, Inc. (NASDAQ: CAR) and Arista Networks, Inc. (NYSE: ANET) today.

At a current reading of 70.0, the index remained in the “Greed” zone, compared to a previous reading of 72.0.

What is CNN Business Fear & Greed Index?

Trending: DeSantis Can Beat Trump, But Not If This Candidate Joins The Fray And Splits Vote: New Poll Numbers

Must Read: Be My Crypto Valentine? ROSE Steals All Love From Bitcoin, Ethereum Ahead Of Cupid’s Day

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: Amazon, Tesla And 2 Other Stocks Insiders Are Selling

SPONSORED

Retirement can be a difficult part of life to navigate, and a financial advisor can help. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

This article Investor Optimism Declines As Dow Records Weekly Loss originally appeared on Benzinga.com

.

Continue Reading