Nasdaq Falls Over 300 Points as Oil Prices Surge: Investor Sentiment Weakens, Fear & Greed Index Remains in ‘Fear’ Zone

On Thursday, the Nasdaq Composite fell over 300 points, declining 1.25% to 27,193.34, as oil prices surged following attacks on Persian Gulf tankers. The CNN Money Fear and Greed index decreased to 38, indicating a continued state of 'Fear' in the market. Meanwhile, PepsiCo Inc. saw a 3.7% stock increase after reporting better-than-expected third-quarter earnings, and Pacira BioSciences Inc. shares jumped 44% due to its acquisition by Viatris. The S&P 500 dropped 0.47% to 7,765.36, while the Dow Jones gained approximately 52 points, closing at 51,231.64.