Dow Jumps Over 200 Points Following Strong Bank Earnings: Investor Fear Eases Slightly, But Greed Index Remains In 'Fear' Zone

Benzinga

The CNN Fear and Greed Index stayed in “Fear” territory at 29.5 as mixed markets reflected strong bank earnings and renewed U.S.-China tensions. Powell’s comments reinforced expectations for another Fed rate cut.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02The CNN Money Fair and Greed Index is slightly but remained in the fear zone on Tuesday at 29.5,

00:08up from 29.3, according to Benzinga. U.S. stocks added mixed Tuesday as strong bank earnings

00:13boosted the Dow by over 200 points, while renewed U.S.-China trade tensions tempered investor

00:18optimism. Major U.S. banks, including Wells Fargo, Citigroup, JPMorgan Chase, and Goldman Sachs,

00:24all reported earnings that exceeded analysts' expectations. Federal Reserve Chair Jerome Powell

00:28said rising employment risks have shifted the Fed's balance of risk, reinforcing investor

00:32expectations for a 25 basis point rate cut. Industrials and consumer staples and financials

00:38led gains, while consumer discretionary and tech stocks lag. Investors now weigh earnings from

00:42Bank of America, Morgan Stanley, and Abbott Laboratories. For all things money, visit Benzinga.com.

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