Apple has found a defect with the Apple Watch. The Wall Street Journal said a Chinese made component of the watch was found to break down causing the company to limit the availability of the watch. The part involved is the so-called taptic engine, a key feature of the watch, which replaces buzzing or ringing with tapping. The Journal says Apple scrapped some completed watches as a result. Yelp posted a quarterly loss and issued a disappointing outlook. Shares fell as much as 16% after hours. Yelp blames the loss on sluggish advertising revenue. Time Warner Cable also missed earnings expectations.
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.