More trouble for the already beaten down mining stocks. BHP Billiton (BHP) and Vale (VALE) were hit with a $44 billion lawsuit on Tuesday stemming from a dam collapse in Brazil that killed over a dozen people back in November. Jasper Lawler, a market analyst with CMC Markets, based in London, said investors worry this could be similar to the troubles BP (BP) faced with its 2010 Deepwater Horizon spill. Amid the slump in oil prices, BHP's stock lost 43 percent over the past year, while Vale lost 41 percent. TheStreet's Scott Gamm reports from Wall Street.
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.