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- US stocks dipped Thursday, continuing a brutal sell-off during the month of September.
- The latest drop came as US bond yields rose further, hitting fresh 16-year highs.
- Weekly jobless claims ticked up to 204,000, but were below the estimated 214,000.
US stocks moved lower on Thursday, continuing a brutal sell-off during the month of September, as bond yields climbed.
As of Wednesday's close, the S&P 500 has dropped 5% for the month to date, the Dow Jones Industrial Average lost 3%, and the Nasdaq has tumbled 6%.
The US 10-year Treasury yield moved higher to hit its highest point since 2007, hovering around 4.64% as the trading session began.