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US Stocks Close Mixed Ahead Of Big Earnings, Fed Decision: Investor Optimism Improves Further
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index remaining in the “Neutral” zone on Monday.
U.S. stocks closed mixed on Monday, ahead of earnings results from major companies and the Federal Reserve’s policy decision this week.
The S&P 500 fell 0.8% last week, while the Nasdaq dipped 2.1%, with both indices recording posting back-to-back weekly losses. However, the Dow outperformed, with the index gaining 0.8% to record its fourth straight positive week.
On the economic data front, the Dallas Fed Manufacturing index declined to -17.5 in July versus a reading of -15.1 in the prior month.
Shares of ON Semiconductor Corp (NASDAQ: