The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.
U.S. stocks settled lower on Thursday, with the Nasdaq Composite falling more than 200 points during the session amid higher oil prices.
A lack of progress in the U.S.-Iran standoff rekindled risk-off flows, pushing oil prices higher and igniting a defensive rotation that hammered tech. President Donald Trump on Thursday ordered the U.S. Navy to target any vessels laying mines in the Strait of Hormuz, adding that minesweepers were clearing the waterway.
In earnings, shares of IBM (NYSE:IBM) and ServiceNow Inc. (NYSE:NOW) tumbled around 8% and almost 18%, respectively, after the companies reported results for the latest quarter. United Rentals Inc. (NYSE:URI) shares …
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