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Dow drops 440 points at lows and is at risk of falling below its 50-day moving average


The Dow Jones Industrial Average Wednesday afternoon was trading down by more than 430 points and putting the blue-chip index on track to fall beneath a long-term trend line. The equity gauge was off 440 points, or 1.7%, at 25,999, with a close under 26,009.57 representing a breach of its 50-day moving average. Market technicians track moving averages to help determine bullish and bearish momentum in an asset. The Dow's steady retreat underscores a mostly downbeat stretch for U.S. stocks as yields for government bonds have staged a rapid ascent toward multiyear highs. The 10-year Treasury note TMUBMUSD10Y, +0.62% was yielding 3.23%--the highest yield since 2011. Climbing yields over the past