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Nasdaq Dips Over 400 Points Amid Plunge In Tesla, Nvidia Shares: Greed Index Remains In 'Extreme Fear' Zone
Benzingaยท2025-04-22 06:40

Market Overview - The CNN Money Fear and Greed index showed a slight easing in overall fear levels, currently at 21.6, but remains in the "Extreme Fear" zone compared to a previous reading of 19.5 [4] - U.S. stocks closed lower, with the Dow Jones index dropping approximately 972 points to 38,170.41, the S&P 500 declining 2.36% to 5,158.20, and the Nasdaq Composite falling 2.55% to 15,870.90 [3] Company Performance - Tesla Inc. shares fell around 5.8%, while Nvidia Corp. lost about 4.5%, and Amazon.com Inc. dipped around 5% during the session [2] - Comerica Inc. reported better-than-expected earnings for its first quarter, while Netflix Inc. also reported stronger-than-expected first-quarter financial results after the market closed on Thursday [2] Sector Performance - All sectors on the S&P 500 closed negatively, with energy, consumer discretionary, and information technology stocks experiencing the largest losses [3] Investor Sentiment - Investors are awaiting earnings results from Verizon Communications Inc., 3M Company, and Tesla Inc. [3]