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Market Snapshot: U.S. stocks in broad retreat as S&P 500, Dow set for worst day in 3 months

U.S. stocks traded firmly lower Thursday, with losses widespread across the economy as investors fretted over a rise in bond yields, which threatened to end a five-day rally for the Dow Jones Industrial Average.

Where are the major benchmarks trading?

The Dow Jones Industrial Average DJIA, -1.22% fell 204 points, or 0.8%, to 26,686. The blue-chip average was on track for its biggest one-day percentage drop since July, though it is coming off its fifth straight advance, as well as a record close.

The S&P 500 index SPX, -1.20% lost 19 points to 2,906, a decline of 0.7%.

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