SpaceX makes history as its Falcon 9 rocket successfully launched and landed at Cape Canaveral, Florida. It's the first successful vertical landing by a private U.S. spaceflight company since its rocket exploded on liftoff in June. SpaceX Founder Elon Musk tweeted 'Welcome Back, Baby' after the touchdown. Google (GOOG) is said to be in talks with automaker Ford (F) to help the company build self-driving cars. Automotive news says the contract manufacturing deal, if finalized, is expected to come during the Consumer Electronics Show in Las Vegas in January. Chipotle (CMG) share are under pressure after the burrito chain was linked to another E. coli outbreak. This time, 5 people in Oklahoma, Kansas and North Dakota are affected according to the Centers for Disease Control and Prevention. Chipotle shares have fallen since reports of the first illnesses in October.
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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.