Grand News Network | October 18, 2023

Fear & Greed Index Remains In 'Fear' Zone As Investors Assess Earnings Reports

The CNN Money Fear and Greed index remained in the "Fear" zone on Tuesday.

The S&P 500 settled almost flat on Tuesday as investors monitored corporate earnings season. The 10-year U.S. Treasury yield climbed to its highest level since Oct. 6.

Bank of America Corp (NYSE: BAC) reported better-than-expected earnings for its third quarter on Tuesday, while Goldman Sachs Group Inc (NYSE: GS) also reported upbeat earnings for its third quarter.

On the economic data front, U.S. retail sales rose 0.7% month-over-month in September versus a revised 0.8% increase in August, topping estimates of a 0.3% increase. U.S. industrial production rose ...

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