Initially markets rallied on this news but eventually sold off as investors "sold the news," and markets reacted negatively to ECB president Mario Draghi's suggestion that further interest rate cuts would not happen anytime soon.

First, the scoreboard:

Dow: 16,995.1, -5.2, (-0.03%)

S&P 500: 1,989.6, +0.3, (+0.02%)

Nasdaq: 4,662.2, -12.2, (-0.3%)

WTI crude oil: $37.90, -1%

EURUSD: $1.1179, +1.6%