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S&P 500 Declines For Third Consecutive Session But Records Gain In January: Investor Sentiment Declines, Fear Index Remains In 'Greed' Zone
Benzinga· 2026-02-02 06:02
Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, with a current reading of 57.9, down from 60.5, indicating a shift within the "Greed" zone [5] - U.S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 200 points during the session [1] Stock Performance - The S&P 500 recorded losses for the third consecutive session, closing down 0.43% at 6,939.03, while the Dow Jones fell around 179 points to 48,892.47 [4] - Despite the recent losses, the S&P 500 gained 1.4% and the Dow added 1.7% for January, while the Nasdaq recorded a monthly gain of 1% [1][4] Economic Data - U.S. producer prices increased by 0.5% month-over-month in December, marking the largest rise in three months and exceeding market expectations of 0.2% [3] - Most sectors on the S&P 500 closed negatively, with materials, information technology, and financial stocks experiencing the biggest losses, while consumer staples and energy stocks closed higher [3] Company Financials - Apple Inc. reported stronger-than-expected financial results for the first quarter of fiscal 2026 [2] - Verizon Communications Inc. also reported better-than-expected fourth-quarter financial results and provided FY26 adjusted EPS guidance above estimates [2]