Stocks are falling again today amid global-growth fears and as bond prices continue to decline.
S&P 500 futures are down about 1 percent, while European indexes have dropped about 1 percent to 2 percent. The big move came overnight in Shanghai, which suffered a 5 percent selloff on credit-market worries. Goldman Sachs also lowered its growth forecast for China, and Japan fell more than 1 percent.
Equities are on track for their first monthly decline since October as concerns about higher interest rates hurt confidence in the longer-term economic outlook. The S&P 500 is also back to its 100-day moving average, an area where it consolidated for most of March. Those considerations could make some traders look for support.
— Option Monster