The Globe and Mail reports in its Saturday edition that stocks across the world tumbled further Friday, sending Nasdaq into a bear market and Toronto into a correction, as the escalating global trade war has investors bracing for a major hit to economic growth and corporate profits in the days to come. The Globe's Darcy Keith writes that U.S. stocks have shed $6.4-trillion (U.S.) in market value over the past two sessions, the most on record. Friday also marked the most number of shares traded in one day in the history of U.S. stock markets, with volume on exchanges of 26.79 billion shares. Toronto ended down more than 1,100 points, exceeding even Thursday's hefty losses, as oil prices plunged nearly 8 per cent to the lowest level since 2021. The Canadian benchmark, as well as all three major U.S. stock indexes, posted their largest two-day declines since the emerging coronavirus caused global panic in 2020. The S&P/TSX Composite Index has lost 8.4 per cent, the Dow 9.3 per cent, the S&P 500 10.5 per cent and Nasdaq 11.4 per cent. For now, most of the White House's messaging has doubled down on the hard-line trade stance; on Friday, Treasury Secretary Scott Bessent blamed the sell-off on DeepSeek's AI success.