Twitter outages linked to Cloudflare (NET) disrupted trading communications Tuesday as markets faced significant selling pressure. The S&P 500 futures dropped 28 handles, trading below key Friday support levels and reaching as low as 66.35.

Volatility spiked with VIX futures approaching 22, reflecting persistent market anxiety. The Dow led declines, falling 350 points, weighed down by Home Depot's $14 drop. Meanwhile, bonds caught a modest flight-to-quality bid.

Cryptocurrency markets experienced severe turbulence overnight with Bitcoin futures briefly dipping below $90,000 before recovering to $91,500. Ethereum showed similar volatility, dropping under $3,000 before rebounding.

Traders anticipate key upcoming catalysts including Target earnings, Fed minutes, and Nvidia's closely watched results.