Nasdaq Tumbles 2% as Market Sentiment Hits Extreme Fear Zone

Key Facts

1The Nasdaq index fell by over 2%, recording a weekly loss as risk appetite diminished.

2CNN’s Fear & Greed Index moved into the 'Extreme Fear' zone, reaching a level of 18.

3Oil prices remained elevated due to ongoing geopolitical tensions in the Strait of Hormuz.

The Nasdaq index fell by over 2%, recording a weekly loss as risk appetite diminished among investors. Benzinga reported that CNN’s Fear & Greed Index moved into the "Extreme Fear" zone, reaching a level of 18, signaling a sharp shift toward market caution.

Ongoing geopolitical tensions in the Strait of Hormuz kept oil prices elevated, compounding pressure on the technology sector. This downward trend follows recent economic data from October 15, 2026, which showed the Producer Price Index (PPI) rising by 1.3%, significantly exceeding the 0.5% forecast.