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Intraday Update: Dow Sinks 180 Points as 'Escalation Is Here'

Major U.S. stock indexes are bleeding. The Dow has plunged 0.7% to 24,749.68. The S&P 500 has fallen 0.6% to 2776.72, while the Nasdaq has declined 0.6% to 7715.86. Trade war fears appeared to be  shrinking in the market's rearview mirror at the top of the month, but came back with a vengeance on Wednesday.