The six-week selloff has wiped out nearly $6 trillion from the tech-heavy benchmark since its peak, spurred by worries President Donald Trump’s tariffs will push the US economy into recession.

The major indexes suffered their worst weekly losses in years as the latest Trump tariffs were far higher than expected. Treasury yields and rude oil dived.

President Donald Trump’s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the ...