Fear & Greed Index Remains In 'Greed' Zone As Nasdaq Record Sharp Gains For Fourth Straight Week

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

US stocks closed mostly higher on Thursday, with the tech-laden Nasdaq index leading the rally.
Investors digested the Fed's policy decision and comments from Federal Reserve Chair Jerome Powell on Wednesday.

The Dow closed lower by around 39 points to 34,053.94 on Thursday. The S&P 500 gained 1.47% to 4,179.76, while the Nasdaq Composite jumped 3.25% to settle at 12,200.82 in the session.

Investors are awaiting earnings results from Cigna Corp (NYSE: CI), Zimmer Biomet Holdings Inc (NYSE: ZBH) and Sanofi SA (NASDAQ: SNY) today.

At a current reading of 72.0, the index remained in the "Greed" zone, compared to a previous reading of 73.0.

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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