Dow Dips Over 300 Points: Investor Fear Increases, Fear & Greed Index Moves To 'Extreme Fear' Zone

Market Sentiment - The CNN Money Fear and Greed index increased, indicating a rise in overall fear, moving to the "Extreme Fear" zone with a current reading of 23.4, down from 30.9 [1][4][5] Stock Market Performance - U.S. stocks closed lower, with the Dow Jones index dropping approximately 301 points to 45,952.24, the S&P 500 falling 0.63% to 6,629.07, and the Nasdaq Composite decreasing 0.47% to 22,562.54 [3] - Most sectors on the S&P 500 ended negatively, particularly financial, utilities, and energy stocks, while information technology stocks performed better, closing higher [2] Economic Indicators - The Philadelphia Fed Manufacturing Index fell to a six-month low of -12.8 in October, down from 23.2 in the previous month, missing market expectations of 10 [2] Company Earnings - Charles Schwab Corporation reported better-than-expected earnings for the third quarter [1] - Investors are anticipating earnings results from Slb NV, American Express Co., and Truist Financial Corp. [3]