Update

Stocks are hitting their fresh-lows. S&P 500 is now at the session low of 930.92. At 1pm, comes the 10-year note auction followed by the treasury budget at 2pm.

Tomorrow, we have the jobless claims and the retail sales, both released at 8.30am. The consensus is positive for retail sales. It is 0.6. We had a slight decline of 0.4 in April.

Although Gold is pulling up from the early losses, it is still trading in red. Silver, on the other hand is touching new lows of the day, last quoted 15.12, down 0.66%.