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Wall Street at session lows as rate hike looms; commods weigh

(Reuters) - Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages, which some traders believe portends additional declines.

Investors are keeping a watchful eye on whether the Fed in December will raise rates for the first time in nearly a decade, as is widely expected after recent strong jobs data.

In a speech on Thursday, Fed Chair Janet Yellen did not comment on the economy or the timing of a rate hike.

But New York Fed President William Dudley said "it is quite possible that the conditions the Committee has established to begin to normalise monetary policy could soon be satisfied."

Following rapid gains in October, stock investors still concerned about China's...


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