Economic Reports Due out (Times are EST): International Trade (8:30am), Consumer Sentiment (9:55am), Bernanke Speaks (12:30am), Treasury Budget (2pm)

Premarket Update (Updated 9am eastern):

  • US Futures are down around -1% heading into the open.
  • Asian markets were down on average about -0.8%
  • European markets saw losses range from -0.8 down to -1.6%

Technical Outlook (S&P):

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