Today's headline
Futures tied to the benchmark S&P 500 tumbled 1.2% in the early trade, while those on the Dow Jones Industrial Average plunged more than 300 points, or 1.1%, touching the lowest level since March 2021. Technology stocks led the way down, with Nasdaq futures off by a hefty 1.3%.
Meanwhile, the 10-year U.S. Treasury note spiked above 3.7, hitting the highest level since 2010.