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PrintNasdaq Declines As Nvidia Edges Lower, Fed Leaves Interest Rates Unchanged: Fear & Greed Index In 'Neutral' Zone
BY Benzinga | ECONOMIC | 03:14 AM ESTThe CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Neutral” zone on Wednesday.
U.S. stocks settled lower on Wednesday after the Federal Reserve left interest rates unchanged at its recent policy meeting.
NVIDIA Corporation
General Dynamics Corp.
On the economic data front, the U.S. trade deficit in goods increased to a record $122.11 billion in December versus a revised $103.5 billion gap in the prior month. U.S. wholesale inventories declined by 0.5% month-over-month to $898 billion in December following a revised 0.1% fall in the previous month and versus market estimates of a 0.2% gain.
Most sectors on the S&P 500 closed on a negative note, with information technology, real estate, and healthcare stocks recording losses on Wednesday. However, consumer staples and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 137 points to 44,713.52 on Wednesday. The S&P 500 fell 0.47% to 6,039.31, while the Nasdaq Composite fell 0.51% at 19,632.32 during Wednesday's session.
Investors are awaiting earnings results from Apple Inc.
What is CNN Business Fear & Greed Index?
At a current reading of 45.6, the index remained in the “Neutral” zone on Wednesday, versus a prior reading of 47.3.
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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