Major stock exchanges in the United States traded deep in red territory at the closing bell on Friday, ending a turbulent week of trading dominated by tariffs. Investors assessed the impact of the unfolding trade confrontation on the global economy while keeping a close eye on geopolitical developments in Ukraine and the Middle East.

Today also saw CoreWeave's debut on the New York Stock Exchange, opening at $39 per share, slightly below the initial IPO of $40.

The Dow Jones crashed 1.69% or 716 points after Amazon dropped 4.29%. The Nasdaq 100 plummeted 2.61% while the S&P 500 fell 1.97% with Lululemon Athletica plunging 14.19%.

On the currency front, the euro advanced 0.22% against the dollar, changing hands at $1.08250 at 3:58 pm ET.