US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war

NEW YORK (AP) — U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. "Trump blinks," UBS strategist Bhanu Baweja wrote in a report about the president's decision on tariffs, "but the damage isn't all undone." Trump has focused more on China, raising tariffs on its…