<div id="readability-page-1" class="page">The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index moved to the “Fear” zone on Thursday. U.S. stocks settled lower on Thursday, with the Nasdaq Composite falling 2% during the session. Despite topping earnings and revenue expectations, Cisco ( CSCO ) shares tumbled more than 12% as investors fixated on softer forward guidance. AppLovin Corp. ( APP ) plunged 20% even after beating estimates, with underwhelming guidance once again overshadowing headline results. American Electric Power Company, Inc. ( AEP ) shares gained more than 3% on Thursday after the Ohio-based utility reported upbeat fourth-quarter results. On the economic data front, U.S. initial jobless claims fell by 5,000 from the previous week to 227,000 in the first week of February, compared to market estimates of 222,000. Most sectors on the S&amp;P 500 closed on a negative note, with information technology, energy and financial stocks recording the biggest losses on Thursday. However, utilities and consumer staples stocks bucked the overall market trend, closing the session higher. The Dow Jones closed lower by around 669 points to 49,451.98 on Thursday. The S&amp;P 500 fell 1.57% to 6,832.76, while the Nasdaq Composite dipped 2.03% at 22,597.15 during Thursday's session. Investors are awaiting earnings results from Advance Auto Parts Inc ( AAP ) , Wendy’s Co and Magna International Inc ( MGA ) today. <h2>What Is CNN Business Fear &amp; Greed Index?</h2> At a current reading of 36.9, the index moved into the “Fear” zone on Thursday, down from a prior reading of 48.4. The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness. Photo courtesy: Shutterstock</div>

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U.S. stocks fell on Thursday, with the Nasdaq Composite down 2% amid a tech selloff. Cisco, AppLovin, and American Electric Power reported mixed earnings, leading to a decline in investor sentiment as the CNN Money Fear and Greed index dropped to the 'Fear' zone at 36.9. Cisco shares fell over 12% despite beating earnings expectations, while AppLovin plunged 20% due to weak guidance. The Dow Jones dropped around 669 points, and the S&P 500 fell 1.57%. Utilities and consumer staples stocks were among the few to gain.

- The CNN Money Fear and Greed index declined to the “Fear” zone, reflecting negative market sentiment as U.S. stocks settled lower, with the Nasdaq Composite dropping 2%.  
- Cisco shares fell over 12% despite strong earnings, and AppLovin Corp. plunged 20% due to disappointing guidance, while American Electric Power gained 3% after positive quarterly results.  
- Initial jobless claims decreased to 227,000, and the Dow Jones fell 669 points, with most S&P 500 sectors closing lower, although utilities and consumer staples performed better.

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Nasdaq Dips 2% Amid Tech Selloff: Investor Sentiment Declines, Greed Index Moves To 'Fear' Zone