Nasdaq Dips Over 500 Points As Iran Rejects Ceasefire: Fear & Greed Index Remains In 'Extreme Fear' Zone

On Thursday, the Nasdaq Composite fell over 500 points, closing at 21,408.08, amid rising crude oil prices following Iran's rejection of a U.S. ceasefire proposal. The Dow Jones and S&P 500 also closed lower, with the Dow down approximately 469 points to 45,960.11 and the S&P 500 down 1.74% to 6,477.16. Commercial Metals Co. reported fiscal second-quarter results that missed adjusted EPS estimates but beat revenue expectations, while Navan Inc. shares surged 43% after better-than-expected fourth-quarter results and optimistic sales guidance. The CNN Money Fear and Greed index remained in the 'Extreme Fear' zone with a reading of 18.2.