The CNN Money Fear and Greed index showed that the overall market sentiment fell, while the index declined from “Greed” to the "Neutral" zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Dow Jones index declining to 50,687.07.
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In earnings, shares of Broadcom Inc. (NASDAQ:AVGO) tanked almost 14% in extended trading on Wednesday, after the company reported disappointing revenues for its fiscal second quarter. CrowdStrike Holdings Inc's (NASDAQ:CRWD) shares declined to close more than 21% lower on the company's lacklustre guidance and the announcement of a 4-for-1 stock.
On the economic data front, the ISM Services PMI rose to 54.5 in May, from 53.6 in the previous month. The figure was higher than market estimates of 53.8 and represented the strongest expansion in the services sector in three months.
