Nasdaq Tumbles Over 100 Points Ahead Of Big Tech Earnings: Fear & Greed Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index remained in the “Greed” zone on Wednesday.

U.S. stocks settled lower on Wednesday, with the Nasdaq Composite falling more than 100 points during the session.

Eli Lilly and Co (NYSE:LLY) posted worse-than-expected third-quarter earnings and lowered 2024 guidance. Meta Platforms Inc (NASDAQ:META) reported better-than-expected third-quarter financial results on Wednesday. Microsoft Corporation (NASDAQ:MSFT) also reported upbeat first-quarter financial results after market close Wednesday.

On the economic data front, pending home sales in the U.S. surged by 7.4% from the previous month in September, compared to a 0.6% gain in August. The U.S. economy grew ...