financetom
Market
financetom
/
Market
/
S&P 500 Down Over 1% As Nvidia, Tesla Tumble: Greed Index Remains In 'Fear' Zone
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
S&P 500 Down Over 1% As Nvidia, Tesla Tumble: Greed Index Remains In 'Fear' Zone
Jan 8, 2025 12:47 AM

The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the “Fear” zone on Tuesday.

U.S. stocks settled lower on Tuesday, with the S&P 500 falling more than 1% during the session amid a decline in major tech stocks.

NVIDIA Corp. ( NVDA ) shares dipped 6.2% on Tuesday after hitting a record high level. Tesla Inc. ( TSLA ) shares fell over 4% after BofA Securities downgraded the stock from Buy to Neutral, while Meta Platforms Inc ( META ). lost nearly 2% during the session.

On the economic data front, the U.S. trade deficit increased to $78.2 billion in November versus a revised $73.6 billion gap in the previous month and is in line with market estimates. Imports increased 3.4% to $351.6 billion, while exports rose 2.7% to $273.4 billion.

Most sectors on the S&P 500 closed on a negative note, with consumer discretionary, communication services, and information technology stocks recording the biggest losses on Tuesday. However, energy and health care stocks bucked the overall market trend, closing the session higher.

The Dow Jones closed lower by around 178 points to 42,528.36 on Tuesday. The S&P 500 fell 1.11% to 5,909.03, while the Nasdaq Composite dipped 1.89% at 19,489.68 during Tuesday's session.

Investors are awaiting earnings results from UniFirst Corporation ( UNF ) , Acuity Brands, Inc. ( AYI ) and PriceSmart, Inc. ( PSMT ) today.

At a current reading of 35.7, the index remained in the “Fear” zone on Tuesday, versus a prior reading of 37.8.

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.

Read Next:

Bank of New York Mellon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Energy
Sector Update: Energy
Mar 17, 2025
09:02 AM EDT, 03/17/2025 (MT Newswires) -- Energy stocks were edging higher premarket Monday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.1%. The United States Oil Fund (USO) was up 1.3% and the United States Natural Gas Fund (UNG) was 0.9% lower. Front-month US West Texas Intermediate crude oil was up 1.2% at $67.99 per barrel...
Sector Update: Health Care
Sector Update: Health Care
Mar 17, 2025
08:52 AM EDT, 03/17/2025 (MT Newswires) -- Health care stocks declined premarket Monday with the Health Care Select Sector SPDR Fund (XLV) and iShares Biotechnology ETF (IBB) down 0.4% recently. Avidity Biosciences Inc ( RNA ) shares advanced by more than 3% after the company said topline data from a phase 1/2 trial of del-zota to treat Duchenne muscular dystrophy...
Sector Update: Financial
Sector Update: Financial
Mar 17, 2025
08:55 AM EDT, 03/17/2025 (MT Newswires) -- Financial stocks were slightly lower pre-bell Monday as the Financial Select Sector SPDR Fund (XLF) was recently down 0.2%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher. Walmart (WMT) is making Klarna the exclusive provider of...
Sector Update: Tech
Sector Update: Tech
Mar 17, 2025
08:42 AM EDT, 03/17/2025 (MT Newswires) -- Technology stocks were mixed premarket Monday as the Technology Select Sector SPDR Fund (XLK) was slightly higher and the SPDR S&P Semiconductor ETF (XSD) was down 1.6% recently. Science Applications International ( SAIC ) shares rose past 9% after the company reported higher fiscal Q$ adjusted earnings and revenue. The company also raised...
Copyright 2023-2025 - www.financetom.com All Rights Reserved