On Tuesday October 7th, quick service restaurant company Yum! Brands is scheduled to release its third quarter earnings before market open. The parent company of Pizza Hut, KFC and Taco Bell, suffered a food scare from its Chinese meat supplier in July that damaged consumer confidence. Following the scandal, the company expects China sales to decline 13% from a year ago for the period. Also, NASCAR race track company International Speedway is set to report its third quarter financial results. On the U.S. economic calendar, JOLTS or the Job Openings and Labor Turnover Survey for August will be out giving investors more insight into the labor market. Then in the afternoon, the consumer credit report will be released. TheStreet's Kurumi Fukushima reports from New York.
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.