5 things to know before the stock market opens Thursday

Futures contracts tied to the Dow Jones Industrial Average pointed to a loss of about 50 points at the open. S&P 500 futures fell 0.2% and Nasdaq 100 futures lost 0.2%. Big Tech, which got hit hard in the previous session amid rising bond yields, continued to trade in the red in the premarket. Apple, Microsoft, Facebook, Alphabet and Netflix all dipped slightly in early trading.

Stocks posted heavy losses during Wednesday’s regular trading as rising bond yields spooked investors. The S&P 500 dipped 1.3%, while the Dow Jones Industrial Average closed 119 points, or 0.38%, lower. The Nasdaq Composite was the relative underperformer, falling 2.7% as tech names declined.

There are a couple market-moving events Thursday, including Federal Reserve Chair Jerome Powell’s speech at The Wall Street Journal Jobs Summit.

The cause of the explosion, or whether it was intentional, was not immediately clear. Elon Musk alternatively refers to explosions as “RUDs,” or Rapid Unscheduled Disassembly.

The company test flew Starship rocket Serial Number 10, or SN10. SpaceX aimed to launch the prototype as high as 10 kilometers, or about 32,800 feet altitude. There were no passengers onboard the rocket, as it is a development vehicle and flies autonomously.

— Follow all the developments on Wall Street in real time with CNBC Pro’s live markets blog. Get the latest on the pandemic with our coronavirus blog.