Have truck scanned for code can be anything oil pump timing chain etc also check warranty before doing any work most drive trains 5yrs- 100,000 miles
It is possible that the squeeling you heard was the alternator belt squeeling and belt might have slipped/or broke off. If the alternator belt comes off or slips the electrical system will lose voltage and this can cause weird things to happen on the dash like the engine light coming on and the oil pressure gauge dropping. Inspect the belts for proper tension and wear. It is possible something may have came up from the road and got caught in the belt or alternator housing. Did you ever restart the vehicle? Did the vehicle act normally after?
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