Nasdak jumps more than 4 % after the truce of the American customs tariff: Investors’ morale improves with fear index in the “Granding” area – Cyberark (Nasdaq: Cybr), JD.com (Nasdaq: JD)
The CNN Money Fear and Greed index showed an improvement in the total market morale, while the index remained in the “Granding” area on Monday.
American stocks settled on Monday, when the Dow Jones index jumped more than 1100 points during the session. The United States and China agreed to a 90 -day truce by reducing the 3 -year tariffs on May 14. The Trump administration also agreed to hold more official commercial talks with Beijing after the signs of economic pressure escalated on companies and consumers.
However, the main indicators in the United States closed a decrease last week, as the S&P 500 decreased by 0.5 % and NASDAQ by 0.3 %. Dow also decreased about 0.2 % a week.
NRG Energy, Inc. NRG Financial results were reported in the first quarter of the expected. shares Please MD, Inc. kdly 251 % jumped on Monday after the company announced an integration agreement with Nakamoto Holdings to start the Bitcoin Treasury strategy.
On the economic data front, the United States government recorded a budget surplus of $ 258 billion in April, an increase of 23 % on an annual basis.
Most sectors in the S&P 500 closed a positive note, with information technology and consumer estimation and communication services that record the largest gains on Friday. However, the accompanying shares left the overall direction of the market, with lower closing the session.
Dow Jones closed about 1161 points to 42,410.10 on Monday. The S& P 500 index increased by 3.26 % to 5,844.19, while the Nasdaq 4.35 % compound jumped at 18,708.34 during the Monday session.
Investors are waiting for profits results Under Armor, Inc. UAAand Cyberark Software Ltd. CYBR and JD.com, Inc. Dinar today.
In a current reading of 66.1, the index remained in the “Granding” area on Monday, compared to a prior reading of 63.
What is the CNN Business Fear & Greed index?
Fear & Greed is a scale for the current market feelings. This depends on the hypothesis that the highest fear exerts pressure on stock prices, while the highest greed has an opposite effect. The index is calculated on the basis of seven equal indicators. The index ranges from 0 to 100, as it represents 0 with the maximum fear and 100 maximum greed signals.
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