On Thursday, August 4, LinkedIn (LNKD) reports quarterly results and weekly jobless claims are released. Analysts expect the social networking company to post earnings of $0.78 a share on sales of $898.08 million. During the same quarter a year ago, LinkedIn reported earnings of $0.55 a share with revenue of $711.7 million. Investors await updates on the company's pending merger with Microsoft (MSFT) . Other notable earnings slated to be unveiled Thursday include The Kraft-Heinz Company (KHC) , Viacom (VIA) and Zillow (Z) . On the economic calendar, jobless claims for the week of July 30 are released. Analysts expect claims to fall by 1,000 to 265,000. Plus, the Bank of England wraps up its August policy meeting on Thursday. Analysts expect a 25 basis point cut to benchmark interest rates, amid fallout from the June 23 Brexit vote. 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.