The S&P 500 had managed to claw back more than half its losses but it’s on the fritz once again. That’s given the yen a boost and sapped bounces in AUD and NZD.

The S&P 500 is down 25 points to 2034 after falling as low as 2019 earlier in the day.

The big news for stocks will come after the bell when Apple, Yahoo and others report.