403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
US Stocks Fall as Market Fear Index Spikes
(MENAFN) US equity markets ended the week on a negative note Friday as investors digested new economic data and assessed potential impacts on interest rate policies.
The Dow Jones Industrial Average dropped 0.95%, losing 453.19 points to finish at 47,501.55. The Nasdaq Composite fell 1.59%, or 361.31 points, closing at 22,387.68, while the S&P 500 declined 1.33%, or 90.69 points, to 6,740.02.
The Volatility Index (VIX) surged 24.17% to 29.49, reflecting rising investor anxiety. Market participants focused on inflation data, particularly higher-than-expected labor costs, which suggested that borrowing rates could remain elevated for a longer period.
Official data showed that the US economy shed 92,000 jobs in February, adding to concerns over economic stability. Meanwhile, Brent crude futures surpassed $92 per barrel, the highest level since mid-2024, amid escalating Middle East tensions and fears of disruptions to global energy supplies.
The Dow Jones Industrial Average dropped 0.95%, losing 453.19 points to finish at 47,501.55. The Nasdaq Composite fell 1.59%, or 361.31 points, closing at 22,387.68, while the S&P 500 declined 1.33%, or 90.69 points, to 6,740.02.
The Volatility Index (VIX) surged 24.17% to 29.49, reflecting rising investor anxiety. Market participants focused on inflation data, particularly higher-than-expected labor costs, which suggested that borrowing rates could remain elevated for a longer period.
Official data showed that the US economy shed 92,000 jobs in February, adding to concerns over economic stability. Meanwhile, Brent crude futures surpassed $92 per barrel, the highest level since mid-2024, amid escalating Middle East tensions and fears of disruptions to global energy supplies.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment