The CNN Cash Worry and Greed index is slowly inching towards the “greed” zone, however nonetheless remained within the “impartial” zone on Monday following a pointy rise within the US shares on Friday.

The S&P 500 and the Nasdaq recorded positive factors for fourth straight week, with the current positive factors coming from knowledge exhibiting a slower-than-projected enhance in shopper costs and an sudden decline in producer costs for July.

The S&P 500 and Nasdaq notched their greatest weekly profitable streaks since November.

After a risky begin to the yr, upbeat earnings outcomes for the second quarter have offered assist to U.S. inventory markets.

The Dow Jones gained round 424 factors to shut at 33,761.05 on Friday. The S&P 500 rose 1.73%, whereas the Nasdaq Composite jumped 2.09%, to settle at 13,047.19 within the earlier session.

Buyers at the moment are awaiting earnings outcomes from Li Auto Inc. LI, Fabrinet FN and Tencent Music Leisure Group TME, scheduled for launch as we speak.

At a present studying of 55.0, the index remained within the “impartial” zone on Monday, following a earlier studying of 53.0.

What’s CNN Enterprise Worry & Greed Index?

The Worry & Greed Index is a measure of the present market sentiment. It’s primarily based on the premise that larger concern exerts stress 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 Zero to 100, the place Zero represents most concern and 100 indicators most greediness.