Dow Surges Over 500 Points As Oil Prices Fall: Investor Sentiment Improves, Greed Index Moves To ‘Fear’ Zone

On Tuesday, the Dow Jones index surged over 530 points to close at 52,495.88, driven by a decline in oil prices and improved investor sentiment, as reflected in the CNN Money Fear and Greed index moving to the 'Fear' zone with a reading of 27. 3M shares rose approximately 6% after reporting better-than-expected quarterly earnings and raising its full-year guidance, while Northrop Grumman's shares increased nearly 5% following an earnings beat. Meanwhile, U.S. housing starts fell 5.2% month-over-month, and pending home sales decreased by 7.3%, indicating mixed economic data.