The CNN Money Fear and Greed index showed some increase in the overall fear level, while the index remained in the “Extreme Fear” zone on Thursday.
U.S. stocks settled lower on Thursday, with the Nasdaq Composite falling more than 500 points during the session as crude oil prices rose sharply following Iran’s rejection of Washington’s latest ceasefire proposal.
The White House confirmed it transmitted a 15-point peace plan to Tehran via Pakistan and maintained that talks were ongoing, but Iranian officials publicly rejected any direct negotiations, countering instead with a five-point framework that would grant Tehran sovereign control over the Strait of Hormuz.
In earnings, Commercial Metals Co. (NYSE:CMC) reported fiscal second-quarter results Thursday that missed adjusted EPS estimates but beat on revenue. Shares of Navan Inc (NASDAQ:
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