By JIANG JUNZHE and MATT OTT,Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump’s latest set of tariffs with some of their own.

The Dow Jones Industrial Average became the last of the major stock indexes to confirm a correction on Friday as markets continued to reel from President Trump's sweeping reciprocal tariffs.

The drop closed the worst week for the S&P 500 since March 2020, when the pandemic ripped through the global economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5% Friday, and the Nasdaq composite tumbled 5.8% to pull more than 20% below its record set in December.

US stocks end sharply lower. Dow loses 1700 points. S&P 500 and Nasdaq have worst day since 2020 on worries Trump has sparked a hard-to-end trade war.

The Dow, S&P 500 and Nasdaq are under pressure for a second day as global investors sell equities in response to President Trump’s sweeping tariffs against the majority of U.S. trading partners, including China who is retaliating.

US stocks tumbled Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety.

US stock futures fell on Friday, setting up for more losses after a $2.5 trillion wipeout as trade-war fears continued to spook markets waiting for the monthly jobs report and a Jerome Powell speech.

The gloomy mood on Wall Street is expected to persist, with stock index futures dropping on Friday as President Donald Trump's latest tariffs continue to spook markets. Investors are also awaiting key labor data.