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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.
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