The social network's anticipated $60 million acquisition of Titan Aerospace doesn't compare to the $19 billion Facebook shelled out for WhatsApp, but it could have major repercussions. If CEO Mark Zuckerberg successfully uses drones to provide expanded Internet access to areas that lack connectivity, satellite firms may have a reason to be concerned. Operators like Viasat and Globalstar would take a hit along with companies that build the spaceships, like Boeing and Lockheed.
More from Video
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.