'U.S. stocks tumbled with European equities as a drop in durable-goods orders and disappointing results from Caterpillar Inc. to Microsoft Corp. heightened concern over the economy’s strength and the outlook for corporate profits. Treasuries climbed with gold.'
U.S. Stocks Tumble on Earnings, Data as Treasuries Gain - Bloomberg
I have said it before, no way the Fed raises rates this year by anything more then a token amount (unless the Fed starts up QE again).
The U.S. economy is NOT strong or even remotely so. It's weak and getting weaker without the government teat to prop it up.