Nasdaq Dips Over 500 Points As Iran Rejects Ceasefire: Fear & Greed Index Remains In 'Extreme Fear' Zone

Market Sentiment - The CNN Money Fear and Greed index showed an increase in overall fear, remaining in the "Extreme Fear" zone with a current reading of 18.2, down from 18.9 [1][4] - Higher fear levels are believed to exert downward pressure on stock prices, while higher greed has the opposite effect [5] Stock Market Performance - U.S. stocks closed lower, with the Dow Jones falling approximately 469 points to 45,960.11, the S&P 500 decreasing by 1.74% to 6,477.16, and the Nasdaq Composite dropping 2.38% to 21,408.08 [3] - Most sectors on the S&P 500 ended negatively, particularly communication services, information technology, and industrials, while energy and utilities sectors saw gains [3] Economic Data - U.S. initial jobless claims rose by 5,000 to 210,000 during the third week of March, aligning with median market estimates [2]