U.S. stocks slumped Thursday as U.S.-China trade tensions and a bleaker outlook from the Bank of England renewed fears of a slowdown in global growth.

The Dow Jones Industrial Average slid 315 points, or 1.2%, to 25075, on pace for its biggest percentage drop since Jan. 22. The S&P 500 lost 1.3%, after snapping a five-day winning streak Wednesday. The Nasdaq Composite shed 1.5%.