There are three important data tonight, all at the same time:
20:30 US initial jobless claims last week (previous value: 21.9; market expectations: 22.5)
20:30 US second quarter GDP final value (previous value: 3%; market expectations: 3%)
20:30 US August durable goods orders (previous value: 9.80%; market expectations: -2.6%)
If the data released tonight is again lower than expected, then the market will not just be a "light drop".