Stocks made a surprise bounce higher shortly after sinking into the red. The S&P 500 jumped nearly one percent as a long-overdue rally in crude oil prices boosted the energy sector. WebMD (WBMD) slumped after denying speculation it is in talks with potential buyers. Walgreens (WBA) and UnitedHealth (UNH) were two possible bidders, according to reports. GoPro (GPRO) tumbled after it announced plans to cut 7 percent of its workforce. The action camera maker also issued disappointing fourth-quarter sales forecasts as it continues to face weakening demand and lackluster sales. Twitter (TWTR) hovered near an all-time low set a day earlier, putting pressure on CEO Jack Dorsey to deliver a turnaround. The social media company is now down around 30 percent from its IPO price two years ago. TheStreet's Keris Lahiff has details from Wall Street.
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.