U.S. stocks extended their losses Thursday afternoon, putting major indexes on track for slight weekly losses. All of the S&P 500's sectors were in negative territory, dragged down by losses in materials and energy stocks. Both the Dow Jones and the S&P fell 0.9% to close at 17,906 and 2,096 respectively. Australian stocks slumped 1.4% Thursday after rising global bond yields diminished the appeal of dividend plays, putting the market on track for its worst weekly performance in three years.
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