Markets

Fear & Greed Index Indicates Persistent Greed as US Stocks Achieve Fourth Successive Weekly Upswing

Published November 28, 2023

The sentiment in investment markets, as gauged by the CNN Money Fear and Greed Index, remained tilted towards optimism, with the index consistently signaling 'Greed' this past Friday. This mood reflects a persisted bullish outlook among investors, even as U.S. stocks exhibited a mixed performance during the shortened trading session on the same day, which also serves as the precursor to the intensely anticipated holiday shopping season. A medley of economic factors, corporate earnings, and geopolitical developments continue to interplay, influencing the index's orientation and suggesting a complex backdrop for market participants.

Performance of Select Stocks

Notable among the mix were several key players, each from distinct sectors, contributing their unique narratives to the broader market canvas. WBD, Warner Bros., with its strategic positioning in the entertainment domain headquartered in New York, navigated market currents. On another technology-driven front, IRBT, iRobot Corporation, showcased its role in the robotics industry from Bedford, Massachusetts, potentially reflecting the sector’s steady innovation appetite. The metrics from financial giant SPGI, S&P Global Inc., headquartered in Manhattan, provided pivotal insights that broadly gauge market health.

From the realm of cybersecurity, ZS, Zscaler, Inc., based in San Jose, California, signaled emerging trends in cloud security—a sector seeing heightened relevance in an increasingly digital world. Meanwhile, ITRN, Ituran Location and Control Ltd., offered perspective from their specialization in location-based services and wireless communication, rooted in Azor, Israel. In the oil and gas orbital, SDRL, Seadrill Limited of Hamilton, Bermuda, illustrated the dynamic movements of the offshore drilling industry, a key piece in the energy puzzle.

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