The CNN Money Fear and Greed index showed a decline in the overall market sentiment, but the index remained in the “Fear” zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index dipping more than 550 points during the session. All three major indices recorded losses in April, ending a streak of five consecutive months of gains. The Dow dipped 5% to record its weakest monthly performance since Sept. 2022, while the S&P 500 tumbled around 4.2% last month.
Coca-Cola Company KO reported better-than-expected first-quarter results on Tuesday, while McDonald’s Corp MCD reported mixed first-quarter results. 3M Company MMM reported better-than-expected first-quarter 2024 results.
On the economic data front, the Labor Department said the employment cost index rose 1.2% in the first quarter, higher than market estimates of 1%. The S&P CoreLogic Case-Shiller 20-city home price index rose by 7.3% year-over-year in…
