According to Kalkine Media, the SPY ETF has remained in a tight range in the past few days. The fear and greed index has dropped to the neutral point of 48. At its peak this year, the index was at the extreme greed zone of over 80.
MSN Money reports that stocks fell ahead of FOMC meeting results on Wednesday. The S&P 500 Index (
SPX
) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index (
NDX
) (QQQ) closed down -0.29%.
Benzinga reports that Pimco’s Erin Browne has warned that skyrocketing fuel costs threaten a 15% drop in the S&P 500 index, which could affect SPY as well.
MSN Money reports that stocks fell ahead of FOMC meeting results on Wednesday. The S&P 500 Index (
SPX
) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index (
NDX
) (QQQ) closed down -0.29%. Benzinga reports that Pimco’s Erin Browne has warned that skyrocketing fuel costs threaten a 15% drop in the S&P 500 index, which could affect SPY as well.