The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.
U.S. stocks settled mixed on Thursday, with the Nasdaq Composite falling more than 150 points during the session. The Federal Reserve, on Wednesday, decided to leave interest rates unchanged during its January FOMC meeting.
Microsoft Corp. (NASDAQ:MSFT) shares fell almost 10% on Thursday, recording its worst session since March 2020 after the company reported that cloud growth slowed during the recent quarter. ServiceNow Inc. (NYSE:NOW) shares tumbled 10% even after upbeat earnings and revenue for the fourth quarter.
However, shares of Meta Platforms Inc. (NASDAQ:META) rose more than 10% on Thursday after the Facebook parent issued an upbeat first-quarter sales outlook. International Business Machines Corp. (NYSE: