Stock market live Thursday: Lumber hits new record, Dow drops 119 points, Walmart slips

This is a markets live blog for CNBC PRO subscribers that will be updated throughout the day.

Stocks slid on Thursday morning, as the Dow shed 200 points when the market opened. Big tech favorites including Apple and Tesla appeared set for more losses as investors take profits. Eyes will be on Capitol Hill around noon, when lawmakers are set to grill the CEOs of firms involved in the GameStop short squeeze, including Robinhood, Reddit and Citadel. For more real time news and analysis, read below.