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Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war. The Nasdaq Composite fell 3.69% to 15,940.08 by 09:41 a.m. ET, shedding 20% from its all-time closing high touched in December. If the index closes below that mark, it would confirm a bear market.

The markets are spooked, the Fed's in a jam, a trade war is brewing, and recession chatter is growing louder.

Investors are looking for signs the selling in the U.S. stock market may have reached a crescendo, but say that the check marks are not yet all ticked and there is room for further pain. President Donald Trump's announcement of sweeping tariffs on Wednesday extended U.S. stocks' selloff this year with the S&P 500 down 12% from its February record high and the tech-heavy Nasdaq index down 18% - close to being in a bear market. "We're definitely not at 'get me out!' levels," Steve Sosnick, chief strategist at Interactive Brokers, said.

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What a brutal six months it’s been for Magnachip. The stock has dropped 33.4% and now trades at $3.13, rattling many shareholders. This might have investors contemplating their next move.

Starbucks has followed the market’s trajectory closely. The stock is down 8.8% to $88.10 per share over the past six months while the S&P 500 has lost 6.9%. This might have investors contemplating their next move.

Children's Place’s stock price has taken a beating over the past six months, shedding 46.9% of its value and falling to $7.97 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.