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NEW YORK (Reuters) -Global hedge funds and levered exchange-traded funds (ETFs) dumped more than $40 billion of stocks at a breakneck pace, growing increasingly bearish after President Donald Trump's shock announcement of harsher-than-expected global tariffs, according to bank notes to clients on Friday. Since late on Wednesday, when Trump boosted tariff barriers to their highest level in more than a century, S&P 500 companies have lost over $4 trillion in stock market value. JPMorgan said in a note that volatility targeting portfolios had between $25 billion and $30 billion in equities to sell in the coming days, as they unwind positions to reduce risk.

LONDON (Reuters) -Global markets have been sucked into a downdraft after U.S. President Donald Trump's sweeping tariffs, setting investors' go-to warning lights flickering but not yet flashing red. S&P 500 companies have shed $5 trillion in stock market value, an all-time two-day plunge for the benchmark, surpassing a two-day loss of $3.3 trillion in March 2020, when the pandemic ripped across global markets.

(Bloomberg) -- European stocks tumbled into a correction on Friday as China retaliated against US tariffs, escalating the global trade war.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for More High-Speed Trains to EuropeThe Stoxx Europe 600 Index slid 5.1% at the close in

MicroStrategy has held every Bitcoin it has ever bought, including during major market crashes and a recent price dip to $83,000. On-chain data reveals zero sales since 2020.

Mining stocks tumbled Friday amid worries the Trump administration’s tariffs could impact demand for raw materials.

Policymakers in coming months may face difficulty meeting their dual mandate to ensure stable prices and maximum employment, Federal Reserve Chair Jerome Powell said.

U.S. equities plunged again on trade war fears as China retaliated against U.S. tariffs.