Friday’s S&P 500 index futures session saw a dramatic break below its recent range, plummeting after Chinese trade tensions.

Overnight, bulls kept the index futures mostly green, with only a brief dip into the red. The regular session opened with a small rally nearing the all-time high at 6806.50, marking the sixth high in the 6800~6810 area. Profit-takers and sellers quickly capped the advance, pushing index futures back below 6800. The day’s catalyst hit near 11:00 AM ET when Trump posted about China’s hostility, potentially imposing “export controls” and massive incoming tariff hikes. A rapid 80-handle sell-off ensued. After the initial swoon, selling pressure persisted throughout the day.

Bulls repeatedly tried to establish a bid, but the decline overwhelmed support, continuing until the closing bell. The session ended at 6595.25, down a staggering 184 handles, with after-hours trading dropping further to 6540.25. For the week, the index futures lost 168.75 handles or 2.49%.

Next week brings more fedspeak, the Fed Beige Book on Wednesday, and, if the government shutdown ends, a slew of macro data including PPI on Thursday.

No top index components escaped the sell-off, but JPMorgan Chase & Co (NYSE: JPM) was the smallest loser, only declining $4.64 or 1.52% to close at $300.89.

That outperformed the cash index’s 2.70% drop by over one percent.

In a similar vein, Broadcom Inc (NASDAQ: AVGO) was the biggest loser, falling $20.39 or 5.91% to close at $324.63.