Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), ADP Employment Report (8:15am), ISM Non-Manufacturing Index (10am), EIA Petroleum Status Report (10:30am)

Premarket Update (Updated 9:00am eastern):

  • US futures are moderately lower.
  • Asian markets traded -2.0% lower.
  • European markets are seeing losses of about -1.5%.

Technical Outlook (S&P):

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