Dow Dips 150 Points as 10-Year Yield Tops 5%: Investor Sentiment Weakens, Fear & Greed Index Remains in ‘Fear’ Zone
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Monday. U.S. stocks settled lower on Monday, with the Dow Jones index falling more than 150 points during the session amid surge in oil prices, extending last week’s gains after Saudi Arabia shut the East-West pipeline. The 10-year Treasury yield briefly topped 5% for the first time since 2023 on an intraday basis on Monday. Money poured out of the AI hardware complex and straight into security software after frontier-lab chief executives spent the weekend arguing that model development is moving too fast. Major indices recorded losses last week, with the Dow dropping 1.6% and the S&P 500 losing 0.8%. The Nasdaq also declined around 0.7% last week. Zscaler Inc. (NASDAQ: ZS ) climbed around 17%, building on a Citi price-target raise to $205 from $175 on Sept. 8 and Wedbush’s Outperform coverage initiation on Sept. 11. Corning Inc (NYSE: GLW ) shares dropped 14% after the company announced a $2 billion offering. Most sectors on the S&P 500 closed on a negative note, with industrials, information technology and utilities stocks recording the biggest losse
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Monday. S. stocks settled lower on Monday, with the Dow Jones index falling more than 150 points during the session amid surge in oil prices, extending last week’s gains after Saudi Arabia shut the East-West pipeline. The 10-year Treasury yield briefly topped 5% for the first time since 2023 on an intraday basis on Monday.
Money poured out of the AI hardware complex and straight into security software after frontier-lab chief executives spent the weekend arguing that model development is moving too fast. 8%. 7% last week. Zscaler Inc.
(NASDAQ: ZS ) climbed around 17%, building on a Citi price-target raise to $205 from $175 on Sept. 8 and Wedbush’s Outperform coverage initiation on Sept. 11. Corning Inc (NYSE: GLW ) shares dropped 14% after the company announced a $2 billion offering.
Most sectors on the S&P 500 closed on a negative note, with industrials, information technology and utilities stocks recording the biggest losses on Monday. However, communication services and health care stocks bucked the overall market trend, closing the session higher. 20 on Monday. 41 during Monday’s session.
Investors are awaiting earnings results from Forgent Power Solutions, Inc (NYSE: FPS ), Vera Bradley, Inc. com Group Ltd (NASDAQ: TCOM ) today. At a current reading of 31, the index remained in the “Fear” zone on Monday, versus a prior reading of 33. What is CNN Business Fear & Greed Index?
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 greediness.
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