Fear & Greed Index Moves To ‘Greed’ Zone Following Inflation Data; Dow Tumbles Over 500 Points

The CNN Money Fear and Greed index showed decline in the overall market sentiment, with the index moving to the “Greed” zone on Tuesday.

U.S. stocks closed lower on Tuesday following the release of inflation data, with the Dow Jones index dipping more than 500 points during the session.

The annual inflation rate in the U.S. eased to 3.1% in January from 3.4% in December, but came higher than market estimates of 2.9%.

JetBlue Airways Corporation (NASDAQ: JBLU) shares jumped 21.6% on Tuesday after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing. Coca-Cola Company (NYSE:

Full story available on Benzinga.com