Nasdaq Tumbles 200 Points as Chip Stocks Slide: Fear & Greed Index Remains In ‘Neutral’ Zone

Benzinga Earnings
2小時前

The CNN Money Fear and Greed Index showed almost no change in the overall market sentiment, while the index remained in the “Neutral” zone on Monday.

U.S. stocks settled mixed on Friday, with the Nasdaq Composite falling around 200 points during the session amid a decline in key tech stocks.

Shares of Micron Technology Inc. (NASDAQ:MU) declined 5.8%, while Advanced Micro Devices (NASDAQ:AMD) declined 3.5% on Monday.

All major indices recorded losses last week, with the S&P 500 falling 1.4% and the Nasdaq losing 2% in the period. Both indices ended three-week winning streaks. The Dow also recorded a weekly loss of 0.9%, marking back-to-back weekly losses.

President Donald Trump escalated the trade fight with Ottawa in a Truth Social post, writing that on "January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%."

Applied Optoelectronics Inc. (NASDAQ:AAOI) shares dipped around 14% after the optical networking supplier disclosed a $600 million at-the-market equity offering. XPeng Inc. (NYSE:XPEV) shares fell around 8.5% on Monday after the Chinese electric vehicle maker reported a wider-than-expected second-quarter loss and issued a third-quarter revenue outlook below Wall Street estimates.

On the economic data front, the Chicago Fed National Activity Index slipped to -0.08 in July from 0.06 in the previous month, indicating a slight deterioration in economic activity.

Most sectors on the S&P 500 closed on a positive note, with consumer staples, utilities and financial stocks recording the biggest gains on Monday. However, energy and information technology stocks were among the worst performers.

The Dow Jones closed higher by around 140 points to 53,417.20 on Monday. The S&P 500 fell 0.28% to 7,652.86, while the Nasdaq Composite dipped 0.77% to 25,980.19 during Monday’s session.

Investors are awaiting earnings results from Dick’s Sporting Goods Inc (NYSE:DKS), Intuit Inc (NASDAQ:INTU) and Zoom Communications Inc (NASDAQ:ZM) today.

What is CNN Business Fear & Greed Index?

At a current reading of 55, the index remained in the “Neutral” zone on Monday, versus a prior reading of 54.5.

The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greed.

Photo via Shutterstock

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