Wall Street will get more clues as to the Federal Reserve's rate-hike plans at the end of the week, but uncertainty over what they might be led to jittery trading on Monday. Crude was also a drag, snapping a seven-session winning streak. Garmin (GRMN) fell after analysts at Raymond James reduced their rating to hold, arguing the stock's gains had run their course this year. The firm also said competition from Apple (AAPL) and Fitbit (FIT) could also affect performance. Viacom (VIAB) was sharply lower after Paramount Pictures' blockbuster Ben-Hur had a dismal first weekend at the box office. The remake came in fifth at the domestic box office, falling well behind Suicide Squad in its third week as the top film. Goldman Sachs made a valuation call on Urban Outfitters (URBN) , cutting it to NEUTRAL from BUY. Its price target was also reduced by $2 to $33 a share. TheStreet's Keris Lahiff has details 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.