The CNN Money Fear and Greed index showed an improvement in overall market sentiment, moving to the “Neutral” zone on Monday.
U.S. stocks settled higher on Monday, with the Nasdaq Composite gaining more than 1% during the session amid a rebound in chip stocks.
Major indices closed the holiday-shortened week with gains, as the S&P 500 rose 1.8% and the 30-stock Dow surged around 2% during the week.
Shares of Microsoft Corp. (NASDAQ:MSFT) fell around 1% on Monday after the company announced 4,800 job eliminations.
On the economic data front, the S&P Global composite PMI rose to 51.9 in June from 51.5 in the previous month, but down from the preliminary reading of 52.2. The ISM services PMI declined to 54.0 in June from 54.5 in May, in line with market estimates.
