Dow Jumps Over 200 Points Following Strong Bank Earnings: Investor Fear Eases Slightly, But Greed Index Remains In 'Fear' Zone
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U.S. stocks showed mixed results on Tuesday, with the Dow Jones rising over 200 points, driven by strong bank earnings from Wells Fargo, Citigroup, JPMorgan, and Goldman Sachs. Despite easing fear levels, the CNN Money Fear and Greed index remains in the 'Fear' zone at 29.5. Federal Reserve Chair Jerome Powell indicated increased employment risks, supporting expectations for a 25-basis-point interest rate cut. The S&P 500 fell 0.16%, while the Nasdaq declined 0.76%. Investors are awaiting earnings from Bank of America, Morgan Stanley, and Abbott Laboratories.
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