U.S. stocks opened lower Monday morning in a busy week for economic and earnings news. The Federal Reserve holds a two day meeting this week, but is not expected to make any changes to interest rate policy. Halliburton (HAL) was supposed to report earnings but delayed the release of its results as it works to finalize its deal with Baker Hughes. Valeant (VRX) named a new CEO, Joseph Papa, who joins the company from Perrigo (PRGO) . Some M&A activity to kick off the week, as Gannett (GCI) offered to buy Tribune (TRBAA) for $12.25 a share in cash.
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.