S&P 500 surges 23% in 2024, but greed index remains in ‘fear’ territory – NVIDIA (NASDAQ: NVDA ), Lifecore Biomedical (NASDAQ: LFCR )

The CNN Currency Fear & Greed Index showed overall fear levels easing slightly, but the index remained in “fear” territory on Tuesday.

U.S. stocks fell on Tuesday, with the Nasdaq down about 175 points.

Major stock indexes still posted gains in 2024, despite closing lower on the final trading day of the year. %, the Nasdaq index rose 28.64%, outperforming the market.

shares NVIDIA Corporation NVDA It surged 171% last year, hitting a new high in 2024.

In terms of economic data, the S&P CoreLogic Case-Shiller house price index increased by 4.2% in October, while it rose by 4.6% in September. Market expectations were for a 4.1% increase. The FHFA house price index rose 0.4% in October, compared with market expectations of a 0.5% rise. The Dallas Fed’s Texas Services General Business Activity Index fell to 9.6 in December from 9.8 in November.

Most sectors in the S&P 500 rose, with energy, materials and real estate stocks leading the gains on Tuesday. However, consumer discretionary and information technology stocks bucked the trend and ended lower.

The Dow Jones closed down about 30 points on Tuesday at 42,544.22. In intraday trading on Tuesday, the S&P 500 Index fell 0.43% to 5,881.63 points; the Nasdaq Index fell 0.90% to 19,310.79 points.

Investors await earnings reports resource link corp.. RGP and Lifecore Biomedical Corporation. LFCR today.

What is the CNN Business Fear and Greed Index?

The index’s current reading on Tuesday was 27.9, still in “fear” territory, compared to the previous reading of 27.1.

The Fear and Greed Index is a measure of current market sentiment. Its premise is 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, where 0 represents maximum fear and 100 represents maximum greed.

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