Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, remaining in the "Neutral" zone with a reading of 49.3, down from 52.5 [5] - U.S. stocks settled lower on Monday, with the Nasdaq Composite falling more than 100 points during the session [1] Stock Performance - Nvidia Corp. shares fell more than 1% on Monday after gaining last week [1] - The S&P 500 recorded a 1.4% increase last week, marking its fourth weekly surge in five weeks, while the Dow and Nasdaq also added over 1% [1] - The Dow Jones closed lower by around 249 points to 48,461.93, the S&P 500 slipped 0.35% to 6,905.74, and the Nasdaq Composite declined 0.50% to 23,474.35 during Friday's session [4] Company-Specific News - Mereo BioPharma Group plc shares dropped 88% on Monday after its Phase 3 ORBIT and COSMIC Studies for setrusumab in Osteogenesis Imperfecta did not achieve statistical significance against primary endpoints [2] Economic Data - U.S. pending home sales increased by 3.3% month-over-month in November, following a revised 2.4% gain in October, exceeding market estimates of a 1% gain [3] - Most sectors on the S&P 500 closed negatively, with consumer discretionary, materials, and financials recording the biggest losses, while energy and real estate stocks closed higher [3]
Nasdaq Falls Over 100 Points Amid Decline In Tech Stocks: Investor Sentiment Weakens, Fear & Greed Index In 'Neutral' Zone - NVIDIA (NASDAQ:NVDA)