The Dow Jones Industrial Average and Nasdaq Composite Index are both down over 500 points at midday, while the S&P 500 Index sports a rare triple-digit deficit as well.

COIN stock jumped after reports of Mastercard talks to buy stablecoin firm BVNK, potentially the largest deal of its kind.

Caterpillar is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and locomotives.

Singapore's GDP growth is expected to remain robust, prompting the central bank to leave monetary policy unchanged.