Shares of Yum! Brands (YUM) traded lower Thursday after the company reported third-quarter results below analysts' expectations. Yum! posted earnings of $1.09 share, missing Wall Street's projections by a penny. A lot of the shortfall was due to weak same-store sales in China. Yum plans to spin off its China division this month and the company's other restaurant brands, KFC and Taco Bell, performed better than anticipated.
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.