Follow all the latest U.S. market action for Thursday as stocks resume selloff and President Trump threatens more tariffs.

More than 150 years of back-tested data paints a clear picture of what may come next for Wall Street's major stock indexes.

US stocks slid, with the S&P 500 joining Nasdaq in a correction as Trump threatens 200% tax on European liquor if EU's tax on US whiskey stays.

Major Wall Street indices, S&P 500 and Nasdaq, fell up to 2% on March 13 due to fears of a trade war. The S&P 500 dropped 1.39%, while Nasdaq fell 1.96%, marking significant declines from their 52-week highs.

However, in addition to its prospects above, Nvidia stock is also surprisingly cheap after the recent pullback. It now trades at a forward price-to-earnings (P/E) ratio of just 24, which is comparable to the S&P 500 's forward P/E of 20.7.