Disney (DIS) shares jumped after the world's largest entertainment company reported a 10% increase in quarterly profits. The better-than-expected results stemmed from a 24% increase in operating income at Walt Disney Parks. Sprint (S) was slightly higher despite missing earnings estimates in its recent quarter. The telecom company said it had added 1.2 million net new customers over the quarter, its biggest increase in almost three years. Oil topped $60 a barrel for the first time since last December. A surge in commodity prices came after protesters shut down a Libyan port, temporarily halting exports.
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.