Dow Tumbles Around 250 Points: Investor Sentiment Edges Higher, Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.

U.S. stocks settled lower on Tuesday, with the Dow Jones falling around 250 points during the session as investors turned risk-off amid mounting concerns over lofty valuations, seasonal headwinds and fiscal strains.

All major indices recorded gains for August. The 30-stock Dow gained more than 3% in August, while the S&P 500 recorded around 2% surge. The tech-heavy Nasdaq also gained around 1.6% during the month.

On the economic front, the S&P Global manufacturing PMI came in at 53.0 in August, compared to the preliminary reading of 53.3 and versus 49.8 in July. U.S. construction spending ...