China strikes back as stocks slide after worst day since 2020

What to Know

• The worldwide sell-off for financial markets slammed into a higher, scarier gear.
• The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%
• Trump said he will extend the deadline for TikTok to find a U.S. buyer or face a ban, giving the China-based owner ByteDance an additional 75 days to reach a deal.
• A federal judge ordered the Trump administration to arrange for the return of a Maryland man to the United States after he was mistakenly deported to a notorious El Salvador prison