Compounded by hawkish Fed-speak from Fed chairman Jerome Powell and NY president William Dudley that stoked rate hike jitters, the Dow kicked off after-hours trade at an eleven day low. Global markets were hammered overnight when Bank of Japan governor Haruhiko Kuroda revealed plans to begin an exit strategy for quantitative easing next year if 2% inflation is reached. JC Penney ( JCP ) shares are also lower in pre-market trade after the retailer missed revenue forecasts and reported a seven cent decline in quarterly earnings, though still better than Wall Street's expectations.