The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index moved to the “Neutral” zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Nasdaq Composite falling 1% during the session as investors remained cautious ahead of a closely watched Supreme Court ruling on the legality of President Donald Trump‘s tariffs.
Chip stocks were among the biggest losers, with shares of Broadcom Inc. (NASDAQ:AVGO), Nvidia Corp. (NASDAQ:NVDA) and Micron Technology Inc. (NASDAQ:MU) settling lower on Wednesday.
On the earnings front, Bank of America Corp. (NYSE:BAC) and Citigroup Inc.