1) Asia ended in the red, with the Nikkei down almost 3 percent, its biggest drop in 5 months. It's now down over 9 percent just this month.
Europe was deeply in the red at the start of trading, and yet it turned around quickly on vague reports that Russia was trying to "de-escalate" the conflict. Germany went green just after 8 AM Eastern, then lapsed back into the red.
Global economic numbers were better: China reported a record trade surplusthat featured bigger than expected exports (up 14.5 percent) and smaller than expected imports.
And here in the U.S., there was a nice snap back in second quarter productivity (up 2.5 percent) and labor costs. We need a pickup in productivity to get gross domestic product up. The hope is that companies will begin hiring when they are convinced end user demand is sustainable.
Yet when will that happen? When we seen notable increases in things like durable goods and retail sales, but they have been inconsistent.
2) High yield funds saw $7.07 billion outflows, which was a record for one week. That includes mutual funds and exchange traded funds (ETFs). That's four straight weeks of redemptions.
3) Initial public offerings (IPOs), as ever, had mixed to weak debuts. a) Independence Contract Drilling (ICD), which owns 11 contracted land drilling rigs, priced 10 million shares at $11, at the high end of the $10 to $11 price talk, b) Ryerson Holding (RYI), North America's second largest metals distributor, priced 11 million shares at $11, at the low end of a downward-revised range of $11 to $12, and; c) Texas bank Green Bancorp (GNBC) priced 4.6 million shares at $15, at the low end of the $15 to $17 price talk.
--By CNBC's Bob Pisani