Stock losses escalated as a relief rally seen a day earlier faded. Oil was also a major drag after the International Energy Agency forecast a slowdown in global growth demand. Weight Watchers (WTW) slid after CEO James Chambers announced his resignation. The board established a committee that includes Oprah Winfrey to search for a replacement. Winfrey has been involved since last October after purchasing a stake in the company. Apple (AAPL) rose after suppliers T-Mobile (TMUS) and Sprint (S) reported strong preorders for the iPhone 7 and iPhone 7 Plus. Sprint said orders for the latest models were up more than 375% over the first three days compared to last year. Chevron (CVX) was rated new outperform at BMO Capital. The firm said the oiler is at an inflection point and can deliver higher-margin growth. TheStreet's Keris Lahiff reports from Wall Street.
More from Video
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.
Breaking down an approach to the long side of this biotech stock.