S&P 500, Nasdaq, Dow Plunge as Donald Trump-Xi Trade War Escalates into Direct Clash

US stocks dropped sharply on Thursday, reversing some of their record-setting gains from the prior session as investors factored in the re-escalation of trade tensions between Washington and Beijing. The S&P 500 tumbled 2.9%, the Nasdaq Composite slid 3.5%, and the Dow Jones Indu

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