Dow slides more than 250 points as Iran fears rise
The Dow Jones falls about 273 points on Monday while the CNN Fear & Greed Index declines again but stays in the “Greed” zone at 59.9.
The CNN Money Fear and Greed Index showed another decline in overall market sentiment, while the index remained in the “Greed” zone on Monday. S. stocks settled lower on Monday, with the Dow Jones index falling more than 250 points during the session amid rising concerns in the Middle East. 1%.
6% last week. 6 in the previous month and toppped market estimates of 11. The NAHB/Wells Fargo Housing Market Index rose to 35 in August from 34 in the previous month. On the earnings front, shares of INVO Fertility Inc.
(NASDAQ: IVF ) jumped over 60% on Monday after the company reported better-than-expected second-quarter EPS results. Most sectors on the S&P 500 closed on a negative note, with communication services, consumer staples and financial stocks recording the biggest losses on Monday. However, energy stocks bucked the overall market trend, closing the session higher. 78 on Monday.
91 during Monday’s session. Investors are awaiting earnings results from Home Depot Inc. (NYSE: HD ), Amer Sports Inc. (NYSE: AS ) and Toll Brothers Inc (NYSE: TOL ) today.
What is CNN Business Fear & Greed Index? 9, the index remained in the “Greed” zone on Monday, versus a prior reading of 64. 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 greed. Photo via Shutterstock