U.S. stock index futures tanked ahead of Thursday's open, as the global market rout continued to thrash stocks.
Around 5:10 a.m. ET, Dow futures sank 323 points, indicating a sharply lower open of -414.74 points. Futures on the S&P 500 dropped indicating a negative open of -39.78 points, while Nasdaq futures signaled a negative open of -110.75 points.
Equity markets around the globe are seeing red Thursday, after the Dow Jones industrial average sank more than 800 points in the previous session as concerns around rising rates continued to batter markets. On Thursday, Asia-Pacific stocks saw sharp declines by the region's market close, while European shares tumbled as the equity sell-off spilled into markets worldwide.
Concerns surrounding rising interest rates continue to keep investors on edge, as strong economic data adds concerns over what this could mean for the future of U.S. monetary policy and therefore the economy.