The Dow Jones Industrial Average closed lower, with yields rising in response to strong job market data.
The Dow closed lower on Thursday as strong job market data sparked speculation of further Federal Reserve rate hikes, leading to a surge in Treasury yields ahead of the upcoming monthly jobs report on Friday.
The Dow Jones Industrial Average fell 1.1%, or 366 points, while the Nasdaq fell 0.8%, and the S&P 500 fell 0.80%.
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