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Nasdaq, S&P 500 Record Worst Session Since 2022 Amid Tesla, Alphabet Selloff: Investor Optimism Decreases Further

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index remaining in the “Neutral” zone on Wednesday. U.S. stocks closed lower on Wednesday, with the S&P 500 and the Nasdaq Composite recording their worst day since 2022. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares fell 5% on Wednesday despite the company reporting upbeat earnings and sales results for its second quarter. Shares of Tesla Inc. (NASDAQ:TSLA) dipped 12.3% after the company reported weaker-than-expected earnings for its second quarter, while sales topped estimates. On the economic data front, the S&P Global composite PMI climbed to 55.0 in ...