Yoga brand Lululemon (LULU) jumped after quarterly revenue rose 10% and earnings beat estimates. The company said it expects comparable sales growth in the high single digits in the second quarter. Burlington Stores (BURL) tumbled after missing its quarterly sales estimates. The retailer said revenue was hit by a decrease in markdown sales and a number of store closures related to weather during the quarter. Job openings at U.S. workplaces in April rose to a record high of 5.38 million, its highest level since records began in 2000 and marked a 22% increase from a year earlier. The tech sector was among the worst performers on markets on Tuesday.
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.