The CNN Cash Concern and Greed index confirmed an enchancment within the total sentiment amongst US buyers.

The Dow Jones recorded losses on Tuesday following the discharge of inflation information from the US. Shopper costs rose 0.5% month-over-month in January, probably the most in three months, coming in-line with the market expectations. The annual inflation fee within the US eased to six.4% in January from 6.5% in December.

On the earnings entrance, The Coca-Cola Firm KO posted in-line quarterly earnings, whereas gross sales exceeded expectations.

The Dow closed decrease by round 157 factors to 34,089.27 on Tuesday. The S&P 500 fell 0.03% to 4,136.13, whereas the Nasdaq Composite climbed 0.57% to settle at 11,960.15 through the session.

Traders are awaiting earnings outcomes from Cisco Techniques, Inc. CSCO,
Analog Units, Inc. ADI and Biogen Inc. BIIB as we speak.

At a present studying of 73.0, the index remained within the “Greed” zone, in comparison with a earlier studying of 71.0.

What’s CNN Enterprise Concern & Greed Index?

The Concern & Greed Index is a measure of the present market sentiment. It’s primarily based on the premise that greater worry exerts strain on inventory costs, whereas greater greed has the other impact. The index is calculated primarily based on seven equal-weighted indicators. The index ranges from 0 to 100, the place 0 represents most worry and 100 alerts most greediness.

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