Dow fell over 700 points after weak economic data: investor sentiment fell, greed index shifted to “fear” zone – Owens – Torture (NYSE: OC), Domino’s Pizza (NASDAQ: DPZ)

CNN’s Fear and Greed Index showed a decline in overall market sentiment, which moved to the “Fear” zone on Friday.

U.S. stocks were lower on Friday, with the Dow falling more than 700 points during the meeting.

The University of Michigan Consumer Sentiment Index fell to 64.7 in January, down 10%, a sharp drop from expected. The five-year inflation outlook in the survey was the highest since 1995. According to trade economics, existing home sales fell 4.9% in January with a seasonal adjustment of 4.08 million, the highest decline in seven months.

February’s S&P Global PMI released Friday morning reveals a sharp drop in services and raises concerns about private sector health.

Shares UnitedHealth Group Inc. Unh On Friday, the Wall Street Journal reported that the Justice Department investigated the company’s health insurance billing practices, about 7% Friday.

Most sectors on the S&P 500 index were closed with negative notes, information technology, consumer discretion and industrial stocks recorded losses on Friday. However, the main stocks of consumers shocked the overall market trend and made the meeting higher.

Dow Jones closed 43,428.02 at 749 on Friday. The S&P 500 fell 1.71% to 6,013.13, while the Nasdaq Comprehensive Comprehensive rate fell 2.20% at Friday’s meeting to 19,524.01.

Investors are waiting for results for earnings Owens Corning OC,,,,, Domino’s Pizza Company. DPZand Westlake Corp. wlk today.

What are the CNN Business Fear and Greed Index?

In the current 35.4 reading, the index moved to the “Fear” area on Friday, while the previous 45.1 reading moved to the “Fear” area.

The Fear and Greed Index is a measure of current market sentiment. This is based on the premise that higher fears put pressure on stock prices and 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 greed.

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