S&P 500 Futures Gap Down After Cyprus - Euro Getting Crushed

Futures markets have opened to start the week, and the S&P 500 is down nearly 1 percent on the Cyprus bailout deal, which includes a controversial haircut for depositors that has investors spooked.

The far right side of the chart below shows the Sunday evening session, which just got started.

Meanwhile, the euro is still getting crushed against the dollar. Right now, it's trading down 1.3 percent.

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Read more about the bailout and its implications here >