Stock market live Thursday: Nasdaq slumps 3.5%, 10-year Treasury yield scales new heights, Tesla falls 8%

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

Equities slid on Thursday afternoon, as bond yields continued their upward trek and investors snapped up cyclical stocks. GameStop shares climbed amid volatile trading but ultimately ended the day up about 18%. Labor Department data showed fewer jobless claims than expected last week. For continuous real-time insight on the market see below.