On Friday, November 11, investors await quarterly results from J.C. Penney (JCP) . Before the markets open, J.C. Penney is expected to post a quarterly loss of $0.21 a share on sales of $2.96 billion. During the same quarter a year ago the retailer posted a loss of $0.47 a share with revenue of $2.9 billion. Analysts will be looking for more updates on the retailer's turnaround strategy. It's a light day on the economic calendar with the University of Michigan's consumer sentiment survey out at 10 a.m. EDT. Federal Reserve Vice Chair Stanley Fischer is giving a speech in Santiago, Chile at 11 a.m. Plus, the Baker-Hughes (BHI) rig count for this week is unveiled at 1 p.m. TheStreet's Scott Gamm reports from Wall Street.
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.