Global markets received a beating yesterday as Bernanke confirmed that the Fed may begin tapering its bond buying later this year

Global markets received a beating yesterday as Bernanke confirmed that the Fed may begin tapering its bond buying later this year. The Dow was down 205.7 points, or 1.34%, at 15,112.57 while the S&P 500 Index ended its session 22.88 points lower, or 1.39%, at 1628.93. S&P futures are down 55 points while the S&P/ASX200 is expected to open lower.