Market Sentiment - The CNN Money Fear and Greed index has moved into the "Extreme Fear" zone, indicating a heightened level of fear among investors, with a current reading of 24.3 compared to a prior reading of 32.6 [1][3] Stock Performance - U.S. stocks experienced a decline, with the Dow Jones index falling approximately 800 points, closing at 47,457.22. The S&P 500 decreased by 1.66% to 6,737.49, and the Nasdaq Composite dropped by 2.29% to 22,870.36 [3] - Walt Disney Co. saw a significant drop of around 8% due to overall revenue missing market expectations, while Cisco Systems Inc. rose by 4.6% after surpassing analyst expectations and providing positive guidance [2] Sector Performance - Most sectors within the S&P 500 closed negatively, with consumer discretionary, information technology, and communication services experiencing the largest losses. Conversely, energy stocks managed to close higher, defying the overall market trend [2]
Dow Tumbles Around 800 Points On US Government Reopening Day; Investor Fear Increases, Greed Index Moves To 'Extreme Fear' Zone