Workflow
Nasdaq Falls 300 Points As Nvidia, Palantir Decline: Greed Index Remains In 'Extreme Fear' Zone
Benzingaยท2025-03-19 07:02

Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, remaining in the "Extreme Fear" zone with a current reading of 19.7, down from a prior reading of 22.4 [1][5][6] - U.S. stocks settled lower, with the Nasdaq Composite falling around 300 points during the session, indicating a negative market trend [1][3] Stock Performance - Shares of Palantir Technologies Inc. fell around 4%, while Nvidia Corp. declined more than 3% on Tuesday [1] - The Dow Jones closed lower by approximately 260 points to 41,581.31, the S&P 500 fell 1.07% to 5,614.66, and the Nasdaq Composite dipped 1.71% to 17,504.12 [3] Sector Analysis - Most sectors on the S&P 500 closed negatively, with communication services, information technology, and consumer discretionary stocks recording the biggest losses [3] - Energy and healthcare stocks bucked the overall market trend, closing the session higher [3] Economic Data - U.S. import prices increased by 0.4% in February, contrary to market estimates of a 0.1% decline, while export prices rose by 0.1% month-over-month [2] - U.S. industrial production increased by 0.7% in February, surpassing market estimates of 0.2% [2] Upcoming Earnings - Investors are awaiting earnings results from Signet Jewelers Ltd., Williams-Sonoma Inc., and Five Below Inc. [4]