Dow Dips Over 150 Points Amid Weakened Investor Sentiment

The Dow Jones index fell by over 150 points on Monday as investor sentiment weakened. The CNN Money Fear and Greed index, which measures market sentiment, remained in the 'Fear' zone at a reading of 31. This is despite a surge in oil prices following Saudi Arabia's shutdown of its East-West pipeline.

The 10-year Treasury yield briefly topped 5% for the first time since 2023 on an intraday basis. The move was seen as a sign that investors are becoming more risk-averse and seeking safer assets.

Major indices, including the Dow, S&P 500, and Nasdaq, recorded losses last week. The Dow dropped 1.6%, while the S&P 500 lost 0.8%. The Nasdaq declined around 0.7%.