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S&P 500 Logs Worst Weekly Decline Since April; Investor Optimism Falls Further

The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, while the index remained in the “Neutral” zone on Friday. U.S. stocks closed lower on Friday, with the Dow Jones index falling more than 350 points during the session. The S&P 500 fell 1.97%, while the Nasdaq dipped 3.65% last week, recording their biggest weekly losses since April. However, the Dow gained 0.72% during the week. On the economic data front, the total number of active U.S. oil rigs fell by one to 477 rigs this week, reported Baker Hughes Inc. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares dipped ...