The USA500 is currently trading below 5,600 levels.
The S&P 500 fell firmly on Thursday, leaving it down 10.1% from its record high close on February 19 and confirming the widely followed benchmark is in a correction as an escalating tariff war between the U.S. and its top trade partners fuels concerns about a recession.
On Thursday the S&P 500 was down 1.4%, the Dow Jones declined 1.30% and the Nasdaq dropped 1.96%.