U.S. markets ended Wednesday close to where they started the day, pretty much flat. Some investors decided to forgo stocks for bonds. The yield on the 10-year note fell to its lowest level since May. Boeing (BA) led the blue chips lower. AOL (AOL) gained almost 7.5% after posting Q2 earnings which topped Wall Street forecasts. Telecoms also pushed the Dow Jones Industrials lower. Shares of both Verizon (VZ) and AT&T (T) lost more than 1% on Wednesday. A truce, of sort, for the world's two biggest smartphone makers. Apple (AAPL) and Samsung agreed to stop suing each other in courts outside the United States. The agreement affects patent disputes in eight countries. Some big names set to report earnings Thursday include Wendy's (WEN), CBS (CBS) and Duke Energy (DUK).
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.