China's Economy grew at 6.7%, which matched most economists expectations. It shows a steady expansion of the nation's economy and one that is on track to meet Beijing's targets for growth. Yahoo! ( (YHOO) ) quarterly earnings report was a mixed bag. While the tech company beat earnings expectations, it missed on revenue. CEO Marissa Mayer traffic rose despite the massive hack revealed in September. However, Yahoo executives said nothing in the quarterly call about the hack and the overall number of users that were impacted. Tonight is the 3rd and final debate between Democrat Presidential candidate Hillary Clinton and Republican Candidate Donald Trump. The debate will be held on the campus of UNLV in Las Vegas. This debate is expected to have a lot of questions about the economy including questions on entitlement spending, U.S debt and overall growth.
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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.