US stocks ended lower as investors continued to sift through the rising Treasury yields.
The Nasdaq Composite Index was down 15.82 points, or 0.21 per cent, to 7,382.47.
The yield, a barometer for mortgage rates and other financial instruments, has jumped recently amid market fears of rising inflation, which sparked investors' speculation for more rate-hikes later this year.
The probability that the US central bank will raise its benchmark rate a fourth time this year went up to a record of 51.9 per cent on Thursday, according to the Chicago Mercantile Exchange's FedWatch tool.
In corporate news, US multinational company Cisco Systems, Inc. reported weaker-than-expected sales for its key services business on Wednesday after market closing. Shares of the company ended 3.76 percent lower on Thursday, the worst performer on the Dow.
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