The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the “Fear” zone on Wednesday.
U.S. stocks settled mostly lower on Wednesday, with the Nasdaq Composite falling more than 100 points during the session amid a rise in crude oil prices.
Oil prices climbed as the U.S. carried out its 11th consecutive night of strikes on Iran, broadening its targets and stoking fears over the flow of crude through the Strait of Hormuz.
On the earnings front, GE Vernova Inc. (NYSE:GEV) shares fell around 9% on Wednesday after the company reported mixed second-quarter financial results. Pegasystems Inc. (NASDAQ:PEGA) shares tumbled 16% after the company reported worse-than-expected second-quarter financial results. AT&T Inc. (NYSE:T) stock gained more than 3% on Wednesday after the telecom giant reported second-quarter fiscal 2026 earnings that topped Wall Street expectations.
On the economic data front, the volume of mortgage applications surged by 1.9% in the week ending July 17.
