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Market Snapshot: S&P 500, Dow close in correction territory as stocks suffer bloodbath

U.S. stock benchmarks traded lower on Thursday as Wall Street tangled with further volatility, with concerns about rising inflation and bond yields weighing on investor’s psyche against the backdrop of a relatively healthy domestic economy.

Strategists and traders have mostly pinned the recent selling in part to rising bond yields amid signs of inflation. But they have also noted that equities were due for a pullback after scoring big gains in January and throughout 2017.

What are the main benchmarks doing?

Dow Jones Industrial Average DJIA, -0.55% fell 171 points, or 0.7%, to 24,718. A slump in shares of Home Depot Inc.

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