After Thursday's drubbing, the S&P 500 finished down 10.2% from from its Feb. 19 peak.) Related: Inflation's impact on Fed rate-cut bets may surprise you The S&P 500's slump on the week is not alone.

A staggering $115 billion in savings have been saved due to cuts by the Elon-Musk led Department of Government Efficiency (DOGE), the agency claims.