By CCN: The Dow sped toward another brutal loss on Thursday after Beijing bared its fangs to deliver the shellshocked Trump administration a withering rebuke that drastically reduced the likelihood of an amicable trade war resolution. Dow Crashes 400 Points Every major US stock market index endured heavy losses on Thursday. By 9:56 am ET, the Dow Jones Industrial Average had plunged 397.79 points or 1.54% to 25,378.82. The S&P 500 crashed 1.37% to 2,817.06, and the Nasdaq plummeted 1.53% to 7,632.34 as Wall Street choked on the latest escalation in the conflict between the United States and China. Beijing

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