Market Sentiment - The CNN Money Fear and Greed index declined to a reading of 44.4, indicating a shift to the "Fear" zone from a previous reading of 45.8 [3] - U.S. stocks mostly settled lower, with the Nasdaq Composite falling more than 1% during the session [1] Economic Data - U.S. initial jobless claims increased by 4,000 to 212,000 during the third week of February, compared to market estimates of 215,000 [1] Sector Performance - Most sectors on the S&P 500 closed negatively, with consumer discretionary, information technology, and communication services experiencing the largest losses [2] - Industrials and financial stocks were exceptions, closing higher despite the overall market trend [2] Index Performance - The Dow Jones closed higher by approximately 17 points at 49,499.20, while the S&P 500 fell 0.54% to 6,908.86, and the Nasdaq Composite dipped 1.18% to 22,878.38 [2]
Nasdaq Down Over 1% As Nvidia Shares Fall: Investor Sentiment Declines, Greed Index Moves To 'Fear' Zone - Hormel Foods (NYSE:HRL)