GLOBAL MARKETS-S&P 500 Loses $5 Trillion in Two Days in Trump Tariff Selloff

GLOBAL MARKET - NEW YORK. Global stock markets extended their recent rout on Friday, with S&P 500 companies wiping out $5 trillion in stock market value since U.S. President Donald Trump unveiled sweeping tariffs on Wednesday, while investors fled to the safety of government bonds.

The Nasdaq confirmed it was in a bear market, ending more than 20% below its record high close, while oil prices and other commodities plunged.