India, April 5 -- The US financial markets continued to see a selloff for a second straight day on Friday in the aftermath of the sweeping tariffs announced by President Donald Trump on most of the world.

The S&P 500 tumbled 6 percent, and the Dow Jones Industrial Average plunged 2,231 points as Wall Street's worst crisis since the crash due to the COVID-19 pandemic deepened, the Associated Press reported. The S&P 500 is down roughly 16% from its record set in February.

Along with the above two indices, the Nasdaq composite was also down 5.8 percent, as China matched Trump's big raise in tariffs in an escalating trade war. The selloff continued even after a better-than-expected report on the US job market.

Markets briefly recovered som...