U.S. stocks were mixed on Monday despite a surge in oil prices. Non-OPEC members joined OPEC's landmark November 30 production cuts. Saudi Arabia also indicated that it could cut production even more than it initially planned to. President-elect Donald Trump tweeted about the cost of the government's F-35 program, which he says are "out of control." The tweet sent shares of Lockheed Martin (LMT) , the maker of the F-35, lower. The same happened to Boeing (BA) shares last week when Trump criticized the high costs of a new Air Force One plane Boeing was developing for the government. Exxon Mobil (XOM) shares were on the rise after its CEO Rex Tillerson has reportedly been chosen as Trump's Secretary of State. Trump called him a "world-class player" on Twitter. TheStreet's Scott Gamm reports from Wall Street.
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.