Dow Jones Industrial Average futures indicated a drop at Thursday’s open. A decline that could put the 30-stock average in correction territory, down at least 10% from its 52-week high. S&P 500 futures and Nasdaq 100 futures also pointed to sharp losses on Thursday.

Apple and Intel were among the worst-performing Dow stocks in the premarket, dropping more than 1.5% each. AMD and Nvidia fell 3.3% and 2.5%, respectively. Meanwhile, Gilead Sciences jumped 6.8% after the company announced the start of two studies for a possible coronavirus treatment.

Investors also loaded up on U.S. bonds, pushing yields on longer-term debt to record lows. Gold prices rose 0.6% to $1,652.40 per ounce.

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