The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling more than 1% during the session amid a decline in chip stocks.
Crinetics Pharmaceuticals Inc. (NASDAQ:CRNX) shares jumped around 99% on Tuesday after the company announced it will be acquired by Vertex Pharmaceuticals. Rivian Automotive Inc. (NASDAQ:RIVN) shares dipped 18% after the company announced an offering of 75 million shares.
On the economic data front, the U.S. trade deficit rose to $77.6 billion in May versus a revised $54.6 billion gap in April, compared to market estimates of a $78.5 billion shortfall. The latest gap was the largest since March 2025, with imports rising 3.3% to $395.3 billion.
Most sectors on the S&P 500 closed on a positive note, with health care, real estate and energy stocks recording the biggest gains on Tuesday. However, information technology and industrials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 131 points to 52,925.15 on Tuesday. The S&P 500 fell 0.45% to 7,503.85, while the Nasdaq Composite declined 1.16% to 25,818.69 during Tuesday’s session.
Investors are awaiting earnings results from Helen of Troy Ltd. (NASDAQ:HELE), PriceSmart Inc. (NASDAQ:PSMT) and Levi Strauss & Co. (NYSE:LEVI) today.
What Is CNN Business Fear & Greed Index?
At a current reading of 43.5, the index remained in the “Fear” zone on Tuesday, versus a prior reading of 44.
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 greediness.
Photo via Shutterstock
Comments