•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The CNN Business Fear & Greed index fell further on Wednesday, with overall market sentiment remaining in the “Neutral” zone. U.S. stocks also settled mostly lower, ending a three-session winning streak for the Dow.
Wednesday’s Fear & Greed index reading was 48.9, down from 50.9 previously, and still within the “Neutral” range.
In trading, the Dow Jones index fell more than 50 points during the session, snapping its three-session win streak. The Dow closed lower by around 67 points at 50,121.40. The S&P 500 slipped 0.01% to 6,941.47, while the Nasdaq Composite dipped 0.16% to 23,066.47.
Robinhood Markets Inc. tumbled about 9% after reporting a revenue miss and weaker-than-expected cryptocurrency trading results.
T-Mobile US rose about 5% following upbeat fourth-quarter earnings.
Micron Technology Inc. gained around 10% after Morgan Stanley raised its price target to $450.
Nonfarm payrolls increased by 130,000, nearly double economists’ expectations of 70,000. Private-sector employment accounted for 172,000 of the gains.
The unemployment rate declined unexpectedly to 4.3% from 4.4%.
Most sectors on the S&P 500 closed higher, with energy, materials, and consumer staples recording the biggest gains. Financial and communication services stocks closed lower, bucking the broader market trend.
Investors were set to watch earnings results from American Electric Power Company Inc., US Foods Holding Corp., and Applied Materials Inc. later on Wednesday.
At a current reading of 48.9, the Fear & Greed Index remained in the “Neutral” zone on Wednesday versus a prior reading of 50.9.
The Fear & Greed Index is designed to measure market sentiment. It is based on the idea that higher fear can weigh on stock prices, while higher greed can have the opposite effect. The index is calculated using seven equal-weighted indicators and ranges from 0 to 100, where 0 represents maximum fear and 100 indicates maximum greed.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
