JPMorgan earnings will be released before the market opens. Also on tap: Obama's budget plan and more toxic assets for sale.

Aurora borealis at 30,000 feet: a passenger flying from San Francisco to Paris took some amazing time lapse photos of what turned out to be an aurora borealis light display in the night sky. The photographer turned his shots into a video, which has gone viral online.

Stocks and commodities fall sharply, after Goldman warns of substantial pullback in oil prices. Dow loses 117 points.

AP - President Barack Obama, two years into a presidency marked by increased spending on a weak economy, is turning his attention to the nation's crushing debt and trying to counter a Republican anti-deficit plan with one of his own.

AP - Egypt's prosecutor general announced Wednesday the 15-day detention of the country's former president pending inquiries into accusations of corruption, abuse of authority and the killings of protesters, in an unprecedented investigation of a former ruler in the Arab world.

AP - Angry residents forced from their homes near Japan's tsunami-stricken nuclear power plant gathered in protest at the Tokyo headquarters of the plant's operator Wednesday demanding compensation as the company's president pledged to do more to help those affected by the crisis.