The CNN Money Fear and Greed index showed a decline in overall market sentiment, while it remained in the "Fear" zone on Tuesday.

U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling more than 2% amid a global sell-off in semiconductor shares.

Shares of Micron Technology Inc.

(NASDAQ:MU) dipped 13%, while SanDisk Corp.

(NASDAQ:SNDK) shares also tumbled more than 13% on Tuesday.