Dow drops more than 350 points as Fear & Greed stays neutral
U.S. stocks fell Monday, with the Dow Jones down more than 350 points. The CNN Money Fear & Greed index dropped further but stayed in the “Neutral” zone. Investors also watched crude higher and a higher 10-year yield.
The CNN Money Fear and Greed index slipped further on Monday but remained in the “Neutral” zone. U.S. stocks finished lower, with the Dow Jones index falling more than 350 points during the session. Renewed US-Iran strikes over the weekend lifted crude sharply on Monday, stoking inflation concerns and pushing the 10-year Treasury yield to its highest since January 2025.
Still, stocks posted gains last month, with the Dow up more than 1% in August for a fifth straight monthly advance. The S&P 500 and Nasdaq gained 2.6% and 3.9%, respectively, last month. On the economic data front, the Dallas Fed’s general business activity index for Texas manufacturing climbed to 11.6 in August, the strongest reading since Jan. 2025, versus 1.3 in July.
Science Applications International Corporation (NASDAQ: SAIC) said second-quarter results beat expectations and raised its FY27 guidance. Most S&P 500 sectors closed lower on Monday, led by communication services, utilities and industrials, while energy and Information technology stocks bucked the broader market trend and finished the session higher. The Dow Jones closed down about 374 points at 53,185.90 on Monday. The S&P 500 declined 0.33% to 7,686.14, while the Nasdaq Composite fell 0.12% to 26,370.89 during Monday’s session.
Investors are awaiting earnings results from Medtronic PLC (NYSE: MDT), Dell Technologies Inc (NYSE: DELL) and Palo Alto Networks Inc (NASDAQ: PANW) today. The CNN Business Fear & Greed Index was at 49.6, keeping it in the “Neutral” zone on Monday, versus 52.3 previously. The index is based on seven equal-weighted indicators and ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.