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U.S. stocks declined Friday, with the Dow Jones Industrial Average holding near 46,660. Surging oil prices and persistent inflation data heightened stagflation worries before next week's Federal Reserve meeting.

U.S. equities declined Friday as persistent inflation and slowing growth rattled investors. The Nasdaq dropped 0.91% and the S&P 500 fell 0.38% with Brent crude holding above $100.

Major U.S. stock indexes rose Tuesday as a sharp drop in oil prices tempered stagflation worries. Technology shares led gains while energy and airline stocks declined.

U.S. stocks dropped sharply Monday as oil prices neared $120 per barrel and a surprise loss of 92,000 jobs in February intensified concerns about stagflation. The Dow, S&P 500, and Nasdaq each fell roughly 1.3%.

Italy's benchmark FTSE MIB index fell sharply last week, dragged down by banks and a steep decline in payments firm Nexi. Defense contractor Leonardo bucked the trend following a major contract win.