Stock market live Thursday: 10-year Treasury yield hits 1.5%, Nasdaq down for the year, has the Fed lost control?

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

Stocks tumbled in afternoon trading following Federal Reserve Chairman Jerome Powell's comments at The Wall Street Journal Jobs Summit. He said that an economic reopening could put pressure on prices, which sent the 10-year Treasury yield over 1.5%. For continuous real-time insight on the market see below.