The CNN Cash Concern and Greed index confirmed some enchancment within the general market sentiment, whereas the index remained within the “Concern” zone on Monday.
U.S. shares settled decrease on Monday, with the Dow Jones index falling greater than 100 factors in the course of the session after President Donald Trump introduced plans to pause tariffs towards Mexico for one month. The index dipped as a lot as 665.6 factors earlier in the course of the session.
Owens & Minor Inc. OMI shares dipped 35% on Monday after the corporate issued lower-than-expected fourth-quarter and FY24 preliminary income outcomes. Tyson Meals Inc. TSN posted better-than-expected first-quarter FY25 earnings outcomes.
On the financial information entrance, U.S. building spending elevated by 0.5% month-over-month to an annual charge of $2,192 billion in December following a revised 0.2% achieve in November. The ISM manufacturing PMI for the US climbed to 50.9 in January versus a revised studying of 49.2 in December topping estimates of 49.8.
Most sectors on the S&P 500 closed on a destructive observe, with client discretionary, info expertise, and industrials shares recording losses on Monday. Nevertheless, utilities and client staples shares bucked the general market pattern, closing the session larger.
The Dow Jones closed decrease by round 123 factors to 44,421.91 on Monday. The S&P 500 fell 0.76% to five,994.57, whereas the Nasdaq Composite fell 1.20% at 19,391.96 throughout Monday’s session.
Traders are awaiting earnings outcomes from Digital Arts Inc. EA, Pfizer Inc. PFE, and PepsiCo Inc. PEP in the present day.
What’s CNN Enterprise Concern & Greed Index?
At a present studying of 44.1, the index remained within the “Concern” zone on Monday, versus a previous studying of 40.5.
The Concern & Greed Index is a measure of the present market sentiment. It’s primarily based on the premise that larger worry exerts strain on inventory costs, whereas larger 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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