Investor sentiment improves after Dow gains for 10th consecutive session – American Express (NYSE: AXP), CSX (NASDAQ: CSX)

The CNN Money Fear and Greed Index showed some improvement in sentiment among US investors on Friday.

The Dow Jones posted gains for the 10th straight session as traders evaluated recent corporate earnings reports.

On a weekly basis, the Dow Jones rose 2.08%, while the S&P rose 0.69%, both indexes posting a second consecutive positive week.

American Express Company (NYSE:AXP) stock (NYSE:AXP) fell 3.9% on Friday after the company reported mixed financial results for the second quarter. CSX Corporation (NASDAQ:CSX) shares (NASDAQ:CSX) fell 3.7% following worse-than-expected second-quarter sales results.

As far as earnings season is concerned, of the S&P 500 companies that have released quarterly results so far, about 75% have beat earnings estimates.

The Dow Jones closed up about 3 points, at 35,227.69 on Friday. The S&P 500 rose 0.03% to 4,536.34, while the Nasdaq Composite lost 0.22%, at 14,032.81 during the session.

Investors are waiting for earnings results from Domino’s Pizza, Inc. (NYSE: DPZ), Whirlpool Corporation (NYSE:WHR) and NXP Semiconductor NV (NASDAQ: NXPI) today.

At the current reading of 82.0, the index remained in the “extreme greed” zone, against the previous reading of 80.0.

What is the Fear and Greed Index in Business at CNN?

The Fear and Greed Index is a measure of 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 on the basis of seven equally weighted indices. The index ranges from 0 to 100, with 0 representing extreme fear and 100 indicating extreme greed.

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