Investor Optimism Improves After Dow Snaps 4-Week Losing Streak – Ciena (NYSE:CIEN), Calavo Growers (NASDAQ:CVGW)

The CNN Money Fear and Greed index showed an enhancement in overall sentiment between US investors.

US stocks moved higher on Friday as Treasury yields fell from their modern highs following investors digested opinions from the Federal Reserve officials. The Dow Jones additional around 1.75% last 7 days, snapping a four-week shedding streak.

Hewlett Packard Organization Business HPE posted much better-than-envisioned outcomes for its first quarter and lifted its FY23 earnings steerage.

The Dow closed better by close to 387 factors to 33,390.97 on Friday. The S&P 500 rose 1.61% to 4,045.64, even though the Nasdaq Composite rose 1.97% to settle at 11,689.01 throughout the session.

Investors are awaiting earnings results from Ciena Company CIEN, Calavo Growers, Inc. CVGW and Nutanix, Inc NTNX these days.

At a current reading of 55., the index remained in the “Neutral” zone, as opposed to a prior reading of 49..

What is CNN Organization Fear & Greed Index?

The Dread & Greed Index is a measure of the present sector sentiment. It is based mostly on the premise that better fear exerts pressure on stock selling prices, while bigger greed has the opposite influence. The index is calculated based on 7 equal-weighted indicators. The index ranges from to 100, the place signifies utmost concern and 100 alerts most greediness.

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