US stocks ended lower, falling to a two-month low on Friday.
All three major indexes fell to levels not seen since mid-July, while the S&P 500 index settled below the grand 3,900 level.
Hotter than expected inflation data raised the prospects of a rate hike by at least 75 basis points at this week’s monetary policy meeting.
shares of FedEx Corporation FDX fell more than 21% on Friday after the company released preliminary first-quarter results.
shares of apple inc AAPL and Amazon.com Inc AMZN also closed lower on Friday.
That Nasdaq100 down 0.55% to close at 11,861.38 on Friday during the S&P500 fell by 0.72%. That Dow Jones fell 139 points to settle at 30,822.42 in the previous session.
Most sectors in the S&P 500 ended on lower marks, with energy and industrials stocks posting the biggest declines on Friday. However, consumer staples shares bucked the broader market trend and posted gains on Friday.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) rose 0.1% to 26.30 points.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on the call and put of the S&P 500 Index options.
