Conifer's Mr. Fier noted that stock futures actually flickered lower after the positive labor data, a sign that traders worry that positive data will increase the likelihood for the Fed to act soon.

WSJ: U.S. Stocks Join Global Slide

Stocks across the region took their cue from the disappointing official data, but the more positive data from HSBC, which came out later in the day, prompted some markets to turn positive.

WSJ: Chinese Data Supports Asian Shares

But instead of acknowledging that all the data is positive, and Avastin still squarely meets the standards for Accelerated Approval, and waiting for the longer, larger OS trial it now says it wants, FDA did what it always does, simply forcing its decision (a bad one) by imposing its power to do so on the sponsor and patients.

FORBES: FDA Did the Right Thing in Pulling Avastin for Breast Cancer