The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Monday.

U.S. stocks settled mixed on Monday, with the Dow Jones index gaining more than 250 points during the session amid a decline in oil prices.

"Iran wants to meet and we’re meeting. There’s a chance we can make a deal with Iran," President Donald Trump told reporters aboard Air Force One.

Major indices on Wall Street settled lower last week, with the S&P 500 and the Nasdaq falling 0.6% and 2.1%, respectively. The Dow also lost 0.4% during the period, recording losses for the third straight week.

On the earnings front, AstraZeneca PLC (NASDAQ:AZN) reported mixed results for the second quarter.

On the economic data front, U.S. durable goods orders rose 0.3% month-over-month to $334.77 billion in June, compared to a revised 4% gain in May, but down from market estimates of a 1.6% surge.

Most sectors on the S&P 500 closed on a positive note, with consumer staples, communication services and financial stocks recording the biggest gains on Monday. However, energy and utilities technology stocks bucked the overall market trend, closing the session lower.

The Dow Jones closed higher by around 263 points to 52,210.08 on Monday. The S&P 500 rose 0.02% to 7,413.18, while the Nasdaq Composite declined 0.18% at 24,932.08 during Monday’s session.

Investors are awaiting earnings results from Boeing Co. (NYSE:BA), Coca-Cola Co. (NYSE:KO) and United Parcel Service Inc. (NYSE:UPS) today.

What Is CNN Business Fear & Greed Index?

At a current reading of 40.1, the index remained in the “Fear” zone on Monday, versus a prior reading of 41.3.

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.

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