Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.

Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.

The tariff announcement from the White House that led to the biggest weekly drop in the stock market since COVID may have been the result of a simple error.

Overseas markets also slid Friday. In overnight trading in Asia, Tokyo's Nikkei 225 lost 2.8%, while South Korea's Kospi sank 0.9%. Markets in Shanghai, Taiwan, Hong Kong and Indonesia were closed for holidays, limiting the scope of Friday's sell-offs in Asia.

Klarna and StubHub will hold back on their IPOs after the stock market collapsed over Trump’s sweeping tariffs. Both companies were scheduled to pitch to investors next week, but have put their roadshows on hold.

WEST PALM BEACH, Fla. (AP) — Two days after sending the global economy reeling by announcing tariffs on foreign imports, President Donald Trump insisted his trade policies will “NEVER CHANGE” as he remained ensconced in a bubble of wealth and power in Florida.

StubHub, which filed for an IPO in March, decided to delay a meeting scheduled next week with prospective investors after the S&P 500 dropped by nearly 5% on Thursday, and the company was concerned about launching an IPO while the U.S. markets were volatile, the Journal reported.

Live‘s Weekend Update has jokes aplenty about Morgan Wallen’s abrupt departure last week as the show’s credits began rolling. Weekend Update continued the roast, following a swipe during the Cold Open,

The tech giants that powered the stock market for the past two years were among the hardest hit this week in this week's big selloff. The damage wasn’t evenly spread. Apple shares shed 16% of their va