The U.S. stock market continued its volatile trajectory into the new year, as all three major indices ended the Thursday session in the red. The Dow Jones Industrial Average fell by over 200 points, adding to the ongoing uncertainty surrounding the market. It is worth noting that despite the decline, some stocks managed to finish the day above the session's lows. These developments coincide with the rise in Treasury yields, with the 10-year yield inching above 4%.
Investors are now awaiting the next trading day on Wall Street, hoping for an uptick in market sentiment. However, at the moment, U.S. futures seem to mirror the gloomy weather as they display a downward trend. The market experienced further turbulence on Tuesday as shares of low-cost U.S. airline Spirit tumbled by 47% following a federal judge's decision to block its $3.8 billion merger with budget airline JetBlue.
