The CNN Money Fear and Greed index showed a further increase in the overall fear level, while the index remained in the “Fear” zone on Friday.
U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 450 points during the session.
Stocks also recorded losses last week, with the S&P 500 losing 2% and the 30-stock Dow dropping 3%. The tech-heavy Nasdaq also declined 1.2% during the week.
President Donald Trump issued a stark ultimatum to Iran, demanding unconditional surrender and warning of devastating consequences should attacks on U.S. forces continue. Qatar’s energy minister warned oil could surge past $150 should the Strait of Hormuz fully close.
Oil prices jumped to the highest levels since October 2023. Crude has rallied nearly 35% for the week, recording the biggest weekly gain in the commodities’ trading history.
In earnings, Marvell Technology Inc. (NASDAQ:MRVL) shares jumped over 18% on Friday after the company reported better-than-expected quarterly financial results. Shares of Owlet Inc.
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