U.S. stocks opened flat to higher on Thursday. Weekly jobless claims came in about as expected at 270,000. The weekly claims continue to hover near 40 year lows. The Labor Department reports its monthly job creation and unemployment figures tomorrow. CF Industries (CF) is merging with OCI in an $8 billion deal. Viacom's profit (VIA.B) beat estimates but revenue fell short as it released no major films. Michael Kors (KORS) beat estimates for both profit and revenue. Oil prices hit multi-month lows on oversupply fears. Oil prices continue to drop to fresh multi-month lows on fears of oversupply. Angus Campbell with FX Pro on London says increased stockpiles and worry about slowing growth in China are feeding the bearish momentum. The latest weekly data show a fall in crude oil inventories but that was overshadowed by an increase in gasoline. SeaWorld (SEAS) is still feeling the impact of negative publicity about its treatment of whales. Despite spending millions, it's still seeing attendance drop at its theme parks.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
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.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.