The Dow taking a beating today down more than 370-points, the S&P 500 down 44-points, the Nasdaq was off 73-points. It was the worst day for the Dow and the S&P in almost a year. Stocks falling on news of a sudden unexpected pull back in the services sector, marking the first decline in 5-years. That report along with last Friday’s weak jobs reportBprompting one Fed bank President to say recession now seems more likely.

Oil prices are also falling on that Services sector report, crude closing at USD 88.41/bbl that’s after losing more than about USD 50/bbl in New York trade. Meantime the President’s plan to boost the economy with rebate checks from millions of Americans, it passed a key hurdle in the Senate today. As for what will drive US stocks when the markets reopen on Wednesday; two big items first the results of Super Tuesday where people in 22 out of 50 States are voting for whom they want to be candidate for either the Democratic or Republic in ticket. Hillary Clinton and Barack Obama neck on neck when it comes to the Democrats.

Also Disney reported much better than expected earnings that Dow components climbed as much as 4% in after hours trading. If they carries over to tomorrow could help the Dow rebound. Disney saw strong performance in their TV unit and their theme parks.