The S&P 500 settled lower on Friday, recording its biggest weekly percentage loss since September amid concerns of contagion in the country’s financial sector.
The CNN Money Fear and Greed index moved to the "Extreme Fear" zone following a sharp drop in the US stocks.
Stocks on the Wall Street tumbled on Friday amid concerns over the U.S. regional banking industry.
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping more than 300 points on Friday.
The Dow traded down 1.08% to 31,906.55 while the NASDAQ fell 1.85% to 11,128.50. The S&P 500 also fell, dropping, 1.50% to 3,859.51
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 50 points on Friday.
The Dow traded down 0.21% to 32,188.00 while the NASDAQ fell 0.50% to 11,281.98. The S&P 500 also fell, dropping, 0.39% to 3,903.04.
Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $21,000 level on Friday.
Ethereum (CRYPTO: ETH) also moved lower, trading below the $1,500 mark this morning.