Asian and European stock averages are down, as is oil. U.S. stock futures fell after the market's big drop Thursday when the Dow Jones index lost 228 points.
Light sweet crude is now trading at just over $101 per barrel compared to $105 earlier this week. The dollar has strengthened against the Japanese yen.
The damage to the Japanese economy will take some time to assess. Tsunami warnings are in effect for Hawaii, all of the U.S. West Coast, and Pacific Ocean nations.
In other financial news, the federal government has released February's deficit number: $223 billion. The deficit is on track to reach a record high this year.
China's inflation number was 4.9 percent last month, well above the target. U.S. sales of video game hardware and software sales rose in February, helped by the popularity of the Xbox 360 and its Kinect motion sensing game system.
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