The Fed heads are gathering in Jackson Hole, Wyoming. In recent weeks a few members of the Fed, citing the stronger labor market and other upbeat economic signals, have come out in favor of a rate hike sooner rather than later. The Federal Reserve does meet in September and some think a rate hike could come then. Federal Reserve Chair Janet Yellen will give a much anticipated speech tomorrow. 4 ex-employees of Hewlett Packard (HPQ) are suing the company for age discrimination. USA Today says they claim they were unfairly purged from the company as part of a major restructuring that led to lay-offs. An HP spokesman says they are aware of the claims and plan to defend themselves. Hewlett Packard also reported lower earnings and revenue as the printer business slows. Amazon (AMZN) may be planning a 'click and collect' grocery service. USA Today says the new locations would allow customers to order groceries and pick them up curbside.
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.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.