The CNN Money Fear and Greed index showed a slight 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 250 points during the session after the University of Michigan’s consumer sentiment index crashed to a record low in April and the March monthly inflation rate printed at 0.9%, the highest monthly increase since June 2022.
Meanwhile, Trump vowed to block ship traffic tied to Iran in and out of the Strait of Hormuz after the Islamabad peace talks over the weekend without an agreement.