What to watch today: Stocks try to recover from Thursday’s tech-led rout

What to watch today: Stocks try to recover from Thursday’s tech-led rout

BY THE NUMBERS

U.S. stock futures were choppy as tech stocks tried to recover from Thursday's rout that dragged the Nasdaq down 3.5% for its worst single-day performance since October. The Dowon Thursday sank 559 points, or 1.8%, from a record closing high the previous session. The Dow had its worst day in nearly a month and so did the S&P 500, which lost almost 2.5%. The culprit behind the selloff was the rapid rise in bond yields. (CNBC)All three stock benchmarks were tracking for weekly losses. Ahead of the final trading day of February, the Nasdaq was clinging to a gain for the month, which started off strong. The Nasdaq was down nearly 7% from its Feb. 12 record closing high. The Dow and S&P 500 both remain solidly in the green for the month. However, the S&P 500 was off almost 2.7% from its last record closing high, also on Feb. 12. (CNBC)* Bitcoin set for worst week since March as riskier assets sold off (Reuters)The 10-year Treasury yield retreated Friday morning, but remained above 1.4%, after surging to 1.6% in the previous session to its highest level since February 2020 and more than 0.5% higher since the end