The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index moved to the “Fear” zone on Thursday.
U.S. stocks settled lower on Thursday, with the Nasdaq Composite falling 2% during the session.
Despite topping earnings and revenue expectations, Cisco (NASDAQ:CSCO) shares tumbled more than 12% as investors fixated on softer forward guidance. AppLovin Corp. (NASDAQ:APP) plunged 20% even after beating estimates, with underwhelming guidance once again overshadowing headline results. American Electric Power Company, Inc. (NASDAQ:AEP) shares gained more than 3% on Thursday after the Ohio-based utility reported upbeat fourth-quarter results.
On the economic data front, U.S. initial jobless claims …