REUTERS/Lucas Jackson A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. 
France's CAC 40 is down 0.64%
Spain's IBEX is down 1.78%
Italy's FTSE MIB is down 0.92%
Britain's FTSE 100 is the only riser, up 0.13%
Germany's DAX is down 0.04%
And in Asia:
Japan's Nikkei also saw a major selloff, falling another 2.22%. It's now down 8.2% since January, and down nearly 10% since the end of September.
Hong Kong's Hang Seng is currently down 0.70%.
US stock futures are up a notch, with the S&P rising 0.24% and the Dow up 0.14%
From Europe, there's the final inflation data for September out at 5 a.m. ET. It's expected to come in at 0.3%, and anything lower will be an upset.
Out of the US at 9.15 a.m. ET, we'll have industrial production figures for September, with analysts expecting a 0.4% increase from August. Then at 10 a.m. ET, the Philadelphia Fed manufacturing survey is out.
Fed policymakers Naranya Kocherlakota and James Bullard are both giving speeches today.