Dow Tumbles Almost 800 Points Amid Iran Conflict: Investor Sentiment Declines, Greed Index Remains In 'Fear' Zone - Genesco (NYSE:GCO)

Market Sentiment - The CNN Money Fear and Greed index increased to a reading of 33.8, remaining in the "Fear" zone, down from a prior reading of 37.2, indicating heightened market fear [5] - U.S. stocks closed lower, with the Dow Jones index dropping nearly 800 points during the session, closing at 47,954.74 [4] Economic Data - U.S. initial jobless claims remained unchanged at 213,000, slightly better than market estimates of 215,000 [3] - Unit labor costs in the nonfarm business sector rose by 2.8% in Q4, following a 1.8% decline in the previous quarter [3] - Labor productivity in the nonfarm business sector increased by 2.8% in Q4, down from 5.2% growth in the previous quarter [3] Sector Performance - Most sectors on the S&P 500 closed negatively, with consumer staples, materials, and industrials experiencing the largest losses [4] - Energy and information technology sectors performed positively, closing higher despite the overall market trend [4] Oil Market - West Texas Intermediate crude reached its highest level since January 2025, contributing to inflation concerns and driving Treasury yields higher [2] - The U.S. Navy is escorting tankers through the Strait of Hormuz, with hundreds of vessels anchored in the Persian Gulf [2]