Overnight, China said its economy grew by 6.5% in the third quarter, missing expectations. Chinese equities surged, however, as officials took steps to support the market. European markets closed flat as Brussels looked to reduce tensions with Italy. The U.S. stock markets started the day surging as P&G shares led the DOW higher after strong sale numbers. After the European close, a couple of the regional Federal Reserve offices cut their Q3 and Q4 GDP forecasts, which for the remainder of the trading day had investors look to take risk off. Options expiration has led to a jump in volumes and trepidation remains high considering the recent jump in volatility and the well-chronicled history around late October trade.