Word from International Monetary Fund chief Christine Lagarde that the institution will lift its forecast for U.S. growth helps sentiment ahead of the Christmas break. Over in China, three out of four mainland indices post gains after nine days of losses due to surging money market rates, while leading wireless services operator China Mobile Ltd. strikes a long-awaited deal to distribute Apple Inc.'s iPhones to through its store network in a move which will challenge Chinese smartphone leader Samsung Electronics Co. Ltd.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.