U.S. stocks moved higher on Wednesday with the Dow Jones Industrial Average closing in on the critical 20,000 level. The blue-chip index has been flirting with the threshold for a few weeks. Vitamin and health shop GNC Holdings (GNC) is set to close 4,400 stores in the U.S. After the closures, the company is changing its pricing scheme, with protein powders, nutritional supplements and herbal remedies all priced at the same level. The company faces tough competition from the likes of Walmart (WMT) . Delta Air Lines (DAL) has cancelled its order of 18 Boeing (BA) 787 Dreamliner aircraft. The order was placed by Northwestern Airlines, which was acquired by Delta in 2008. The airline is purchasing multiple 737-900ER jetliners, a single-aisle plane from Boeing.
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.