US stock futures rose after another brutal day of trading on Wall Street ended with the S&P 500 closing in correction territory.

Follow all the latest U.S. market action for Thursday as stocks resume selloff and President Trump threatens more tariffs.

The S&P 500 fell 1.4% on Thursday, marking its lowest point of the year and sliding into a market correction, as it is now down 10.1% from the all-time high it reached less than a month ago. The Dow Jones Industrial Average also hit a year-to-date low, closing down 537 points.

But uncertainty around Trump's tariff policy continues to grip Wall Street, and his trade war has only intensified this week. The president has vowed to respond to tariffs planned by the EU and Canada in response to US duties on steel and aluminum imports — most notably leading off Thursday by threatening a 200% tariff on imports of EU wines and spirits.

More than 150 years of back-tested data paints a clear picture of what may come next for Wall Street's major stock indexes.

The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite indices crashed amid a broad-based sell-off on Thursday, with consumer discretionary, communication services, real estate and technology shares being the worst hit.

US stocks slid, with the S&P 500 joining Nasdaq in a correction as Trump threatens 200% tax on European liquor if EU's tax on US whiskey stays.

Major Wall Street indices, S&P 500 and Nasdaq, fell up to 2% on March 13 due to fears of a trade war. The S&P 500 dropped 1.39%, while Nasdaq fell 1.96%, marking significant declines from their 52-week highs.