The Nasdaq Composite index could end Friday in a bear market, down at least 20% from its recent peak. The Nasdaq level to watch is 16139.11, according to Dow Jones Market Data, which would require a 2.

U.S. President Donald Trump's sweeping reciprocal tariffs announcement led to Wall Street's worst crash since COVID-19 on Thursday. The bleeding has continued on Friday, pushing the tech-heavy Nasdaq Composite (COMP:IND) to an ignominious milestone.

Wall Street nosedived for a second straight day on Friday, confirming the Nasdaq Composite was in a bear market and the Dow Jones Industrial Average was in a correction, as an escalating global trade war spurred the biggest losses since the pandemic.