The Dow Jones Industrial Average closed lower for the ninth consecutive session, extending its longest losing streak since 1978, while the CNN Fear & Greed Index remained in the neutral zone. Mixed economic data and varied individual stock performance contributed to the market uncertainty. Tesla surged following an upgrade, while Nvidia shares fell. Investor focus now turns towards upcoming earnings reports.
Despite a dip in US stocks, the CNN Money Fear and Greed Index remained in the “Greed” zone, signaling investor optimism. Tesla shares fell significantly, while Home Depot’s strong earnings boosted confidence. Economic data points to easing inflation expectations and rising consumer optimism.
The CNN Money Fear and Greed index showed a decline in overall market sentiment on Tuesday, although remaining in the ‘Greed’ zone. U.S. stocks closed lower, led by tech stocks and fueled by concerns over the Middle East situation. Key economic data released includes a slight decline in construction spending and an unchanged ISM manufacturing PMI. Despite the downward trend, some sectors like energy and utilities performed better.
The CNN Money Fear and Greed index showed some improvement, but remains in the “Fear” zone. The S&P 500 closed slightly higher, while the Dow Jones and Nasdaq Composite gained marginally. Tesla shares jumped 12% after strong earnings, while Boeing fell 2.9% following financial results. Over 25% of S&P 500 companies have reported quarterly results, with 79% exceeding estimates. Most sectors closed positive, with consumer staples, consumer discretionary, and utilities leading the gains. Dow Jones, S&P 500, and Nasdaq Composite closed with mixed results. Investors await earnings from Caterpillar, Alphabet, Intel, and Microsoft today.
