Wall Street saw declines of a little more than 1 percent in the key averages in the latest session. The Dow fell 138 points to 11,855. The S&P was down 15 and the Nasdaq dropped 34 points. Dow Jones industrial futures are up 0.2 percent, as are S&P 500 futures.
- The government releases figures on new housing starts today. Also due, a look at wholesale inflation through the Labor Department's Producer Price Index.
- Japanese stocks rebounded today, closing up 5.7 percent, after massive losses the last two days. Japan's central bank continues to flood money markets with cash. Emergency funding now totals almost $700 billion.
- A congressional watchdog group is issuing a mixed verdict on the government's bailout of banks, auto makers and insurers. The Congressional Oversight Panel says it helped prevent a more severe economic crisis, but has done little to aid to homeowners facing foreclosure.
- Oil prices are above $98 a barrel. Investors fear clashes in Bahrain and Libya could further disrupt crude supplies. That outweighed concern that Japan's crises will crimp demand.
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