S&P 500 down 17 points.
Stocks ripped higher on Monday but they're in danger of giving a large portion back today. The S&P 500 is down 0.8% to 2069.
An interesting level to keep in mind is 2058, which was the closing level for Q4. However it looks as though the index will eek out a slight gain in Q1.
Adjusted for currencies, the best major performing index in the quarter was the Shanghai composite, up 16%. The Nikkei also posted a nearly 10% gain and the DAX was up 7.7% after stripping out the drag from the drop in the euro.
The laggards were Brazil's Bovespa down 15% and Canada's TSX composite, down 6.5%.