Global equity indexes descended on Friday as heightened inflation fears overtook recent investor enthusiasm for technology stocks. The anticipation of potential Federal Reserve rate hikes exacerbated market turbulence. U.S. President Donald Trump's unproductive trip to China further clouded economic optimism, given no advancements on trade or the Iran war.The oil market reflected uncertainty about a Middle East peace deal, significantly driving up prices amid worries about inflationary pressures. Despite record highs in technology stocks driving the S&P 500 and Nasdaq earlier in the week, they both suffered losses on Friday.Kenny Polcari of Slatestone Wealth remarked on the market getting ahead…