Investors are shuddering on concerns of renewed trade tensions between the world's two biggest economies.

Stocks fell sharply on Friday, with the S&P 500 shedding 183 points, or 2.7%, to close at 6,553 in what was the index's worst day since April. The Dow Jones Industrial Average fell 879 points, or 1.8%, and the Nasdaq Composite dropped 3.6%.

The selloff affected a wide range of stocks, from Big Tech companies like Nvidia and Apple to stocks of smaller companies looking to get past uncertainty about tariffs and trade.

"Investors still think the tit-for-tat between the U.S. and China these last few days is mostly posturing (the consensus view is that tariffs won't go up, and that Trump and Xi will still meet in South Korea), but trade-related risks have certainly risen after being dorm

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