The CNN Money Fear and Greed index showed a decline in overall market sentiment, while it remained in the “Fear” zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the Nasdaq Composite falling more than 100 points during the session amid a decline in Micron Technology Inc. (NASDAQ:MU) stock.
However, the company’s stock rose sharply in after-hours trading following better-than-expected financial results for the third quarter of fiscal 2026 and strong guidance for the current quarter.
Crude oil prices fell sharply on a holding U.S.-Iran ceasefire. The relief came as a U.S.-Iran ceasefire held and negotiators advanced a 60-day roadmap toward a final deal, with the Strait of Hormuz open and the Treasury authorizing temporary Iranian oil sales.
On the economic data front, the U.S. current account deficit rose to $226.8 billion in the first quarter from a revised $221.1 billion gap in the final quarter of 2025. U.S. building permits fell 0.9% month-over-month to an annual rate of 1.410 million in June.
