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Fear & Greed Index Moves To 'Neutral' Zone; Dow Records Worst Day of 2024

The CNN Money Fear and Greed index showed further decline in the overall market sentiment, with the index moving to the “Neutral” zone on Thursday. U.S. stocks settled lower on Thursday, with the Dow Jones index recording its worst day of the year. Traders are seeing a 51% chance the US Federal Reserve will slash interest rates in its September meeting, compared to 68% in the previous week. NVIDIA Corporation (NASDAQ:NVDA) reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter. The company announced a 10-for-1 stock split and raised its quarterly dividend by 150%. BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) reported better-than-expected results for its first quarter on Thursday. ...