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Stock Losses Accelerate in Final Hour as Defensive Names Sell Off

Stock losses accelerated heading into the market close on Thursday after defensive names slipped on a spike in Treasury yields.

The S&P 500 was down 0.30%, the Dow Jones Industrial Average fell 0.16%, and the Nasdaq slid 0.65%.

The yield on the U.S. 10-year Treasury note hit its highest level since May on Thursday, climbing to 1.855% from 1.790% a day earlier. Yields rose as bond prices fell on diminished hopes over further monetary stimulus from some...