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Dow drops 500 points, Treasury yields surge after ADP jobs report

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The Dow fell 500 points on Thursday after a report from ADP showed the private sector created nearly half a million new jobs in June, sending Treasury yields higher and heaping more pressure on U.S. stocks.

How are stocks trading

Stocks fell Wednesday as U.S. investors returned from the July 4 Independence Day holiday. The Dow fell 0.4%, while the S&P 500 snapped a three-day losing streak.

Whatโ€™s driving markets

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