Dow Tumbles Over 400 Points Amid Iran War Escalation: Investor Fear Increases, But Fear & Greed Index Remains In 'Fear' Zone
Benzinga·2026-03-04 09:32

Market Sentiment - The CNN Money Fear and Greed index indicated an increase in overall fear, remaining in the "Fear" zone with a current reading of 32, down from 33.7 [1][3] - U.S. stocks closed lower, with the Dow Jones index dropping approximately 404 points to 48,501.27, the S&P 500 falling 0.94% to 6,816.63, and the Nasdaq Composite decreasing 1.02% to 22,516.69 [1][3] Earnings Reports - Target Corporation reported better-than-expected earnings for the fourth quarter [2] - Best Buy Co Inc announced positive fourth-quarter adjusted EPS results and increased its quarterly dividend [2] Economic Data - The Logistics Manager's Index rose to 61.5 in February from 59.6 in the previous month [2] - The RealClearMarkets/TIPP Economic Optimism Index decreased to 47.5 in March from 48.8 in the previous month, falling short of market estimates of 50.1 [2] Sector Performance - All sectors on the S&P 500 ended negatively, with materials, industrials, and health care stocks experiencing the largest losses [3]

Dow Tumbles Over 400 Points Amid Iran War Escalation: Investor Fear Increases, But Fear & Greed Index Remains In 'Fear' Zone - Reportify