CNN's Fear and Greed Index in 'neutral' zone after Dow falls 300 points

The CNN Money Fear and Greed Index moved into the "Neutral" zone after the Dow Jones lost more than 300 points on Friday.

US stocks posted losses last week, with the Dow Jones falling 2.77% to record its worst week since September. The S&P also fell about 3.3%, while the Nasdaq lost about 4%.

Data released on Friday showed the U.S. final demand producer price index rose 0.3% month-on-month in November , compared to the revised rise of 0.3% the previous month and above market expectations of 0.2%.

Investors are now awaiting the consumer price index, which is due for release on Tuesday. Markets expect the Federal Reserve to announce a 50 basis point rate hike at Wednesday's policy meeting.

Lululemon Athletica Inc. LULU shares fell about 13% on Friday after the company reported third-quarter financial results and released guidance.

The Dow fell about 305 points to close at 33,476.46 on Friday. The S&P 500 fell 0.73% to 3,934.38, while the Nasdaq Composite fell 0.70% to 11,004.62 in the previous session.

Oracle Corporation ORCL, Blue Bird Corporation BLBD and Coupa Software Incorporated COUP are expected to report their quarterly results today.

At a current reading of 54.0, the index has moved into the "Neutral" zone, from a previous reading of 57.0.

What is the CNN Business Fear & Greed Index?

The Fear & Greed Index is a measure of current market sentiment. It is based on the premise that higher fear puts pressure on stock prices, while higher greed has the opposite effect. The index is calculated on the basis of seven equally weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greed.

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