Nasdaq Tumbles 2% Amid Decline In Alphabet, Amazon: Investor Sentiment Declines, Greed Index Remains In 'Fear' Zone

Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, remaining in the "Fear" zone with a current reading of 28.6, down from 30.5 [1][4]. - U.S. stocks settled lower, with the Nasdaq Composite falling approximately 2% during the session [1]. Stock Performance - Major tech stocks, including Meta Platforms Inc. and Amazon.com Inc., fell more than 2%, while Alphabet Inc. declined over 3% [1]. - The Dow Jones closed lower by around 133 points to 42,454.79, the S&P 500 dipped 1.12% to 5,712.20, and the Nasdaq Composite tumbled 2.04% to 17,899.02 [3]. Economic Data - In February, U.S. new orders for manufactured durable goods rose by 0.9% month over month to $289.3 billion [2]. - Most sectors on the S&P 500 closed negatively, with consumer discretionary, communication services, and information technology stocks recording the largest losses, while utilities and consumer staples stocks closed higher [2]. Upcoming Earnings - Investors are awaiting earnings results from TD SYNNEX Corp., Winnebago Industries Inc., and Lululemon Athletica Inc. [3].