Stocks slid, on track for their fifth down day, as the downbeat mood over the likelihood of a December hike continued into another session. The chances of a Federal Reserve rate hike before year's end spiked to 70% following a far-better-than-expected October jobs report. Chipotle (CMG) has announced it is reopening 43 restaurants in the Pacific Northwest after a health scare. The burrito chain said health officials had concluded there was "no ongoing risk" following several cases of E.coli earlier this month. Activist hedge fund Elliott Management has said it will vote against Dialog Semiconductor's (DLGNF) plans to acquire chipmaker Atmel (ATML). The fund, which disclosed a nearly 3% stake, said the acquisition was too costly.
More from Video
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.
Breaking down an approach to the long side of this biotech stock.