The markets remained in negative territory as the International Monetary Fund cut its global growth forecast for 2012. Investors are also anticipating a weak earnings season, which kicks off today with Alcoa(NYSE:AA) reporting after the closing bell this afternoon.
On the economic front, the National Federation of Independent Business is reporting a 0.1 percent drop in small business sentiment to 92.8 in September.
Shares of Edwards Lifesciences (NYSE:EW) are trading sharply lower today after the company cut its third quarter revenue forecast.
In M&A news, Spectrum Brands Holdings (NYSE:SPB) announced it would buy a unit of Stanley Black & Decker (NYSE:SWK) for $1.4 billion.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from Costco (NASDAQ:COST).
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