"The economic pain that will be brought by these tariffs are hard to describe and can essentially take the US tech industry back a decade," Dan Ives said.

US equity futures are pointing towards more pain ahead on Wall Street after Thursday's rout wiped out over $2.5 trillion in market capitalisation. The Dow futures are currently trading 420 points lower,

Wall Street’s main benchmark, the S&P 500, has lost more than 16% since setting an all-time high on Feb. 19, mostly because of worries about President

Stocks nosedived for the second straight day on Friday as fears grow that an escalating global trade war will cut into corporate profits and stall economic growth.

Companies that focus on food, health care and other necessities gained ground, despite a slump in the broader stock market over worries about an escalating trade war that erased trillions of dollars in value for the biggest U.S. companies. Big Tech stocks, specialty retailers, travel and energy companies took sizeable losses.

The 10 largest publicly-traded companies all saw their stock price fall this week after President Donald Trump late Wednesday announced sweeping new tariffs on imported goods and sent global markets tumbling. 1 Year: -13.86%

The S&P 500 is down more than 13% since Trump won the election in November, with most losses concentrated since he announced his hawkish tariffs Wednesday.

Across the Seattle area and the nation, people are struggling to understand how the stock market slide will affect their everyday lives and financial futures.

The US stock market is about to conclude its worst quarter compared to the rest of the world since the 1980s. Obviously there have been lots of dips along the way to this ignominious milestone, which also means investors should have some attractive entry points to start buying again.