European stocks were down again on Tuesday with hours to go until ‘D’ Day for Greece – “D” as in defaulting on its €1.5 billion ($1.67) billion IMF bill due at midnight. Looking at individual stocks, Carpetright gained after the maker of floor coverings and beds said underlying annual pre-tax profit soared 182.6%, pushing earnings per share up 191.5%. Imagination Technologies was also up on a positive outlook for 2016. In Paris, spirits maker Pernod Ricard was lower after predicting slower growth this year mainly blaming a volatile environment in Russia.
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.