Financial stocks were mixed in midday trading Wednesday after the Department of Justice settled with five of the world's largest banks over criminal charges related to manipulation of currency markets. Citigroup (C), UBS (UBS), Barclays (BCS), JPMorgan (JPM) and RBS (RBS) will pay a total $5.6 billion in fines. Higher oil prices were pulling the airline sector lower. Southwest Airlines (LUV), American Airlines (AAL), JetBlue (JBLU), United (UAL) and Delta (DAL) were all trading in the red on Wednesday. Stocks were hugging the flat-line on Wednesday as investors traded nervously ahead of the Federal Reserve's meeting minutes out this afternoon.
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.