Nasdaq Tumbles 2% Amid Decline In Alphabet, Amazon: Investor Sentiment Declines, Greed Index Remains In 'Fear' Zone

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Wednesday.

U.S. stocks settled lower on Wednesday, with the Nasdaq Composite falling around 2% during the session.

Major tech stocks, including Meta Platforms Inc. (NASDAQ:META) and Amazon.com Inc. (NASDAQ:AMZN), fell more than 2% on Wednesday, while Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) declined over 3% during the session.

On the economic data front, February saw U.S. new orders for manufactured durable goods rise 0.9% ...