Stock index futures are all lower to the tune of about 0.3% amid a decent global selloff, with Europe off 1.2%, and the Nikkei down 2.6% overnight. Worries over the economic slowdown in China make for a convenient excuse and we'll go with that for now. Shanghai slipped just 0.2% last night.
The 10-year Treasury yield responds to the selling, off two basis points to 2.75%. Gold responds as well, up 0.8% to a new 2014 high of $1,357 per ounce.