US Futures have pared losses, trading near morning highs. Last night the Senate passed a $1.3T spending bill to avoid another government shutdown. The spending bill will fund the government through September and includes additional funding for the military, border security, infrastructure, opioid epidemic and gun background check spending. In economic data, February preliminary durable goods were much stronger than expected. At 10am, new home sales data from February will be released. European shares are trading lower, but off the lows, with material stocks lagging. Asian shares closed sharply lower after new tariffs spark additional trade war fears.