Dow sinks 600+ points as Fear & Greed stays in ‘Fear’
U.S. stocks fell Tuesday as the CNN Business Fear & Greed Index stayed in the “Fear” zone. The Dow Jones closed down around 628 points; investors also looked ahead to producer prices Thursday and CPI Friday.
S. stocks finished lower on Tuesday, with sentiment also weakening as the CNN Money Fear and Greed Index remained in the “Fear” zone. The Dow Jones index fell more than 600 points during the session as tensions in the Middle East rose ahead of inflation data later this week. 4%.
Bloom Energy Corp. shares jumped around 10% after confirmation it will join the S&P 500 before the open on Sept. 21. Intel Corp.
gained 9% after a media report that the chipmaker is planning another round of price increases to lift gross margin, an accompanying analyst upgrade, and confirmation that it has processed more than one million wafers using High-NA EUV lithography on its 18A process. Most sectors on the S&P 500 ended lower, with health care, financials and materials posting the biggest declines. Energy and utilities closed higher. 07 on Tuesday.
41 in Tuesday’s session. Investors were awaiting earnings results from Signet Jewelers Ltd. (NYSE: SIG), American Eagle Outfitters Inc. (NYSE: AEO) and Core & Main Inc.
(NYSE: CNM) today. 3. The index is presented as a measure of current market sentiment and is calculated from seven equal-weighted indicators. It ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greed.