The CNN Money Fear and Greed Index showed fears easing after US stocks started the new month and quarter on a strong note.
That Dow Jones recorded the best session since June 24, while it was the best day since July 27 for the S&P500.
In September, the 30-stock Dow and the S&P 500 posted their largest monthly declines since March 2020. The Dow fell 8.8%, while the S&P 500 fell 9.3% in September.
The Dow rose 2.66% to close at 29,490.89 on Monday, while the S&P 500 rose 2.59% to 3,678.43. That Nasdaq Composite up 2.27% to 10,815.43 in the previous session.
Investors are now awaiting the earnings results of Acuity Brands, Inc. AYI and SMART Global Holdings, Inc. SGHshould be published today.
With a current reading of 23.0, the index remained in the extreme fear zone after a previous reading of 17.0.
What is the CNN Business Fear & Greed Index?
The Fear & Greed Index is a measure of current market sentiment. It is based on the premise that higher fear puts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equally weighted indicators. The index ranges from 0 to 100, with 0 representing maximum fear and 100 representing maximum greed.
