Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, remaining in the "Greed" zone with a current reading of 56.8, down from 58.5 [1][3]. Stock Market Performance - U.S. stocks settled lower, with the Dow Jones index falling around 172 points to 46,121.28, the S&P 500 decreasing by 0.28% to 6,637.97, and the Nasdaq Composite dipping 0.33% to 22,497.86 [3]. - The S&P 500 experienced a decline for the second consecutive session, influenced by drops in Nvidia NVDA and Oracle ORCL shares [1]. Economic Indicators - Sales of new single-family homes in the U.S. increased by 20.5% from the previous month, reaching an annualized rate of 800,000 units in August [2]. - Building permits in the U.S. decreased by 2.3% to an annualized rate of 1.330 million in August [2]. Sector Performance - Most sectors on the S&P 500 closed negatively, with materials, real estate, and communication services stocks recording the largest losses [2]. - Conversely, energy and utilities stocks closed higher, bucking the overall market trend [2]. Upcoming Earnings - Investors are awaiting earnings results from Costco Wholesale Corporation COST, Accenture Plc ACN, and Jabil Inc JBL [3].
S&P 500 Suffers Second Straight Loss As Investor Jitters Grow, Fear Index Remains In 'Greed' Zone - Costco Wholesale (NASDAQ:COST), Accenture (NYSE:ACN)