Stock futures steadied on Thursday after a selloff during the regular trading day.
The stock market continued its string of volatile trading sessions on Thursday, and it was an ugly day for most investors. The S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) saw even bigger drops, wiping out gains from Wednesday. Ever since the stock market bottomed in March 2020, investors have generally been able to point to rising stocks in certain areas even on a bad day for the overall market.
The 10-year Treasury yield cleared 1.5% today for the first time in a year, sparking a broad, deep selloff across the stock market.