Dow Dips Over 500 Points On Rate-Hike Concerns: Investor Sentiment Declines, Fear Index Remains In 'Greed

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the "Greed" zone on Friday.

U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 500 points during the session as higher oil prices and a bond-market rout reignited fears of interest-rate hikes.

No concrete agreements emerged from this week's summit between President Donald Trump and Chinese President Xi Jinping, leaving a U.S.–China diplomatic stalemate as an added drag on risk sentiment.

In earnings, RBC Bearings Inc.

(NYSE:RBC) reported upbeat earnings for the first quarter on Friday.