Market Overview - The CNN Money Fear and Greed index showed some easing in the overall fear level, remaining in the "Extreme Fear" zone with a current reading of 21.1, up from 18.3 [5][6] - U.S. stocks settled mixed, with the Nasdaq Composite falling approximately 0.2% and declining 3% over the past week, while the S&P 500 and Dow each declined more than 1% [1] Economic Sentiment - The University of Michigan's consumer sentiment index dropped to its lowest level since June 2022, indicating increased investor anxiety regarding the labor market and broader economy [1] - The subindex tracking current economic conditions recorded the worst reading since the survey began in 1951 [2] Company Performance - Fluor Corp. (NYSE:FLR) shares gained over 2% after reporting third-quarter results [2] - Fox Factory Holding Corp. (NASDAQ:FOXF) shares fell 25% following worse-than-expected third-quarter financial results and below-estimate fourth-quarter guidance [2] Sector Performance - Most sectors on the S&P 500 closed positively, with energy, utilities, and real estate stocks showing the biggest gains [3] - Communication services and information technology stocks closed lower, bucking the overall market trend [3] Upcoming Earnings - Investors are awaiting earnings results from Tyson Foods Inc. (NYSE:TSN), Interpublic Group of Companies Inc. (NYSE:IPG), and Occidental Petroleum Corp. (NYSE:OXY) [4]
Nasdaq Settles Lower, Records Weekly Loss: Fear & Greed Index Remains In 'Extreme Fear' Zone - Occidental Petroleum (NYSE:OXY)