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Hey listeners. It's Saturday, April 5th. I'm Crystal Herf with the Wall Street Journal, and this is What's News and Markets,

our look at the biggest stock moves of the week and the news that drove them.

Let's get to it.

Well, it looks like April is already shaping out to be a tough month for Wall Street.

Some of investors' worst fears came true on Wednesday

and President Trump announced sweeping tariffs.

Stock saw a steep sell-off on Thursday, their worst day since 2020.

And things only got worse on Friday after China said it is matching the new 34% tariff on all goods imported from the U.S.

The Dowell had more than 2,000 points.

Now, investors are worried that Trump's trade policies could break the economy's resilient streak

and send it into a recession. Dan Ives of Wedbush Securities told me that he spent the week

on dozens of calls with clients playing a dual role, part analyst, part therapist.

The week was a market route. The NASDAQ fell into

a bare market with a 20% decline from its peak. The U.S. stock market shed $6.6 trillion in two

sessions, the biggest two-day pullback on record. The three major indexes all notched their

worst weeks since 2020.

The S&P 500 dropped 9.1%, the Dowell 7.9%, and the NASDAQ tumbled 10%.

First off, let's talk about Nike, the patron saint of sneaker heads everywhere.

Nike gets the majority of its goods from countries that were hit with steep tariffs under Trump's plan.

That includes a 46% levy on goods from Vietnam,

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