For Thursday September 3, TheStreet is keeping an eye out for companies ranging from packaged foods maker to medical device creator as they release their latest quarterly earnings results. Before the market open, Campbell Soup (CPB), supplier of telecommunications networking equipment Ciena (CIEN) and Medtronic (MDT) all report numbers. Then, in the afternoon, medical device maker Cooper Companies (COO) and electronic payment solutions designer VeriFone Systems (PAY) release earnings results after the market close. On the economic calendar, the International Trade report is set to be released at 8:30am Eastern. At the same time, we expect the Jobless Claims report to be released, as forecasters expect claims to be near recent levels at 273,000 in the August 29 week. Finally, the ISM Non-Manufacturing Index will come out at 10 a.m. surveying more than 375 firms from numerous sectors across the United States. Forecasters expect the index to be 58.5 for August, slightly down from 60.3 for July. TheStreet's U-Jin Lee reports from New York.
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.