Market Overview - U.S. stocks experienced a decline on Monday, with the Dow Jones index dropping over 550 points, reflecting investor caution ahead of significant economic data and NVIDIA Corp.'s earnings report [1][3] - The Dow Jones closed at 46,590.24, down approximately 557 points, while the S&P 500 fell 0.92% to 6,672.41, and the Nasdaq Composite decreased by 0.84% to 22,708.07 [3] Sector Performance - Most sectors within the S&P 500 ended negatively, with materials, financials, and energy stocks facing the largest losses [3] - In contrast, communication services and utilities sectors managed to close higher, defying the overall market trend [3] Notable Company Movements - Alphabet Inc. reached a new record high after Berkshire Hathaway revealed a new stake of 17.85 million shares valued at approximately $4.93 billion as of September 30 [2] - Dell Technologies saw a decline of over 8% following a price target cut by Morgan Stanley from $140 to $110 [2] Upcoming Earnings Reports - Investors are anticipating earnings results from Home Depot Inc., Medtronic PLC, and Aecom on the day following the report [4] Investor Sentiment - The CNN Money Fear and Greed Index indicated an increase in fear, remaining in the "Extreme Fear" zone with a reading of 14.7, down from a previous reading of 21.5 [5] - The index, which ranges from 0 to 100, reflects market sentiment, where higher fear typically pressures stock prices downward [5]
Dow Dips Over 550 Points Ahead Of Economic Data: Fear & Greed Index In 'Extreme Fear' Zone