Nasdaq Falls For Fifth Session Amid Decline In Chip Shares: Fear & Greed Index In ‘Extreme Fear’ Zone

The CNN Money Fear and Greed index showed almost no change in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Friday. S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 50 points during the session, recording its fifth straight losing session. 6% in the period.

6% last week. ON Semiconductor Corp. (NASDAQ: ON ) shares dipped around 24% on Friday after agreeing to acquire Synaptics Inc. (NASDAQ: SYNA ) in an all-stock deal valued at roughly $7 billion.

S. 8 billion in May from $83 billion in the prior month, recording the widest gap in over one year, and compared to market estimates of an $85 billion gap. S. 2% gain.

9, but remained below market estimates of 50. Most sectors on the S&P 500 closed on a positive note, with health care, consumer discretionary and real estate stocks recording the biggest gains on Friday. However, industrials and information technology stocks bucked the overall market trend, closing the session lower. 11 on Friday.

62 during Friday’s session. Investors are awaiting earnings results from Concentrix Corp (NASDAQ: CNXC ) and AeroVironment, Inc. (NASDAQ: AVAV ) today. What Is CNN Business Fear & Greed Index?

4. 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. Photo via Shutterstock