Market Sentiment - The CNN Money Fear and Greed index increased, remaining in the "Extreme Fear" zone with a current reading of 6.5, down from a prior reading of 14.9 [1][6][7] Stock Performance - U.S. stocks closed lower, with the Dow Jones dropping approximately 387 points to 45,752.26, the S&P 500 declining 1.56% to 6,538.76, and the Nasdaq Composite falling 2.15% to 22,078.05 [4] - Walmart Inc. shares rose over 6% after exceeding earnings expectations and raising guidance [3] - Palo Alto Networks Inc. shares fell more than 7% following its first-quarter financial results and the announcement of acquiring Chronosphere [3] Economic Indicators - A stronger-than-expected U.S. jobs report showed non-farm payrolls increased by 119,000 in September, significantly above the forecast of 50,000, which dampened expectations for a December rate cut [2] - Markets now estimate a 64% probability that the Federal Reserve will maintain current rates in December [2] Sector Performance - Most sectors in the S&P 500 ended negatively, with information technology, consumer discretionary, and industrials experiencing the largest losses, while consumer staples stocks performed positively [4] Upcoming Earnings - Investors are anticipating earnings results from BJ's Wholesale Club Holdings Inc., IES Holdings Inc., and MINISO Group Holding Ltd. [5]
Nasdaq Dips Over 2% Despite Nvidia's Earnings Beat: Fear & Greed Index Remains In 'Extreme Fear' Zone - NVIDIA (NASDAQ:NVDA)