Dow Records Longest Losing Streak Since 1978, Nvidia Declines: Fear & Greed Index In 'Neutral' Zone
Benzinga - Dec 18th, 2024
On Tuesday, the CNN Money Fear and Greed Index showed a decline in market sentiment but remained in the 'Neutral' zone. U.S. stocks ended the day lower, with the Dow Jones experiencing its longest losing streak since 1978, falling for the ninth consecutive session. Tesla's shares rose 3.6% following an upgrade from Mizuho, while Nvidia's shares dropped by 1.2%. Retail sales in the U.S. increased by 0.7% in November, surpassing estimates, but industrial production saw a slight decline. Most sectors on the S&P 500 closed negatively, except for consumer discretionary stocks. The Dow Jones fell by 268 points, the S&P 500 decreased by 0.39%, and the Nasdaq Composite dropped by 0.32%. Investors are anticipating earnings from General Mills, Jabil, and Micron Technology. The Fear & Greed Index, which measures market sentiment, stood at 51.8, indicating neutrality.
RATING
The article provides a factual overview of market activities and the Fear & Greed Index with some minor issues noted in clarity and source attribution.
RATING DETAILS
The article presents factual information about market indices, stock performance, and economic data. However, there are discrepancies, such as incorrect index levels, which affect accuracy.
The article maintains a neutral tone and reports on various market trends without showing bias. However, it lacks diverse perspectives on the implications of these trends.
The article is mostly clear but contains some errors (e.g., incorrect index numbers) and lacks organization in explaining the significance of the Fear & Greed Index.
The article cites known entities like CNN Money and Benzinga, which are credible, but lacks direct citations or links to primary data sources for verification.
The article does not disclose any potential conflicts of interest or affiliations which might affect impartiality. However, it should provide more context on the methodology of the Fear & Greed Index.