Nasdaq Falls Over 200 Points Amid GDP Revision: Investor Sentiment Declines, Fear & Greed Index In 'Extreme Fear' Zone
Benzinga·2026-03-16 06:36

Economic Overview - The Bureau of Economic Analysis revised fourth-quarter 2025 GDP growth to 0.7% annualized, down 0.7 percentage points from its advance estimate [2] - The January Core Personal Consumption Expenditure (PCE) price index showed a 3.1% annual increase, up from the previous 3%, indicating a further departure from the Fed's 2% target [2] Market Performance - U.S. stocks settled lower, with the S&P 500 recording a 1.6% loss last week, the Dow dipping about 2%, and the Nasdaq declining 1.3% during the week [3] - On Friday, the Dow Jones closed lower by around 119 points to 46,558.47, the S&P 500 fell 0.61% to 6,632.19, and the Nasdaq Composite dipped 0.93% at 22,105.36 [4] Sector Analysis - Most sectors on the S&P 500 closed negatively, with information technology, materials, and communication services stocks recording the biggest losses on Friday [4] - Consumer staples and utilities stocks bucked the overall market trend, closing the session higher [4] Investor Sentiment - The CNN Money Fear and Greed index showed an increase in the overall fear level, remaining in the "Extreme Fear" zone with a current reading of 20, down from a prior reading of 22.5 [1][5]

Nasdaq Falls Over 200 Points Amid GDP Revision: Investor Sentiment Declines, Fear & Greed Index In 'Extreme Fear' Zone - Reportify