S&P 500 futures down 53 points ahead of the open

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Futures point to an ugly day

Last week’s pain is turning into an extended rout.

S&P 500 futures are down 53 points just ahead of the open with Dow futures down 518 and Nasdaq futures 134 points underwater.

Economic data is light today with only the NAHB home builder survey due at the top of the hour. It will be all about price action today.

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