Dow Tumbles Over 300 Points Ahead of Fed Decision: Investor Sentiment Weakens, Greed Index Remains in ‘Fear’ Zone

On Tuesday, the Dow Jones index fell by approximately 328 points, closing at 52,093.11, as investor sentiment weakened, reflected in the CNN Money Fear and Greed Index, which remained in the 'Fear' zone at a reading of 28. The 10-year Treasury yield surpassed 5%, and crude oil prices exceeded $105 per barrel. The market anticipates a 92% probability of a 25-basis-point rate hike from the Federal Reserve, marking the first increase since July 2023. Notably, Forgent Power Solutions Inc. saw its shares rise by around 10% after reporting strong fourth-quarter results, while Radiant Logistics Inc. shares climbed over 19% following better-than-expected financial results.