CNN Fear and Greed Index stays in Fear as Dow falls 631 points

  • CNN Business Fear & Greed Index remained in Fear as U.S. stocks closed mostly lower.
  • 631 points: Dow Jones fell to 51,461.90 after the Federal Reserve raised rates 25 basis points.
  • Investors are awaiting Upexi earnings, while August retail sales rose 1.2% month-over-month.

U.S. stocks mostly declined Wednesday after the Federal Reserve raised the federal funds target range by 25 basis points to 3.75%-4.00%, its first increase since 2023. The Dow Jones fell around 631 points to 51,461.90, while the S&P 500 dropped 0.45% and the Nasdaq Composite slipped 0.01%. The CNN Business Fear & Greed Index, a gauge of market sentiment, fell to 26 from 28 and remained in the Fear zone. August export prices, import prices and retail sales all increased month-over-month, with retail sales rising 1.2%. Energy, financial and materials stocks led S&P 500 losses, while information technology and health care gained. LuxExperience BV-ADR rose 23% after reporting fourth-quarter results, and DataMeds AI surged 275% after announcing its acquisition of Helomics. Investors are awaiting earnings from Upexi Inc.

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