The USA500 is currently trading below 5,000 levels.
The S&P 500, Nasdaq and Dow Jones plummeted on Friday, after China responded to President Donald Trump's tariff declaration with its own duties on goods imported from the U.S. Later Fed Chair Powell stated that US tariffs were higher than he expected, which didn’t ease fears of potential recession.
On Friday the S&P 500 nosedived by 5.97%, the Dow Jones fell 5.5% and the Nasdaq sank 5.8%.