Nasdaq Dips 2% Amid Tech Selloff: Investor Sentiment Declines, Greed Index Moves To 'Fear' Zone

Market Sentiment - The CNN Money Fear and Greed index declined to a reading of 36.9, entering the "Fear" zone, down from 48.4 [3] - U.S. stocks experienced a downward trend, with the Nasdaq Composite falling by 2% during the session [1] Economic Data - Initial jobless claims in the U.S. decreased by 5,000 to 227,000, compared to market estimates of 222,000 [1] Sector Performance - Most sectors on the S&P 500 closed negatively, with information technology, energy, and financial stocks experiencing the largest losses [2] - Utilities and consumer staples stocks performed well, closing higher despite the overall market decline [2] Index Performance - The Dow Jones Industrial Average closed lower by approximately 669 points, settling at 49,451.98 [2] - The S&P 500 fell by 1.57% to 6,832.76, while the Nasdaq Composite dipped by 2.03% to 22,597.15 [2]