U.S. stocks drop as trade spat escalates

Wall Street`s major indexes fell on Thursday as trade-sensitive stocks were hit by a new round of tariffs in the trade dispute between the United States and China.

The Dow Jones Industrial Average fell 76.21 points, or 0.3 percent, to 25,657.39, the S&P 500 lost 4.78 points, or 0.17 percent, to 2,857.04 and the Nasdaq Composite dropped 10.64 points, or 0.13 percent, to 7,878.46.

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