The Nasdaq fell for the first session of the year on Thursday, snapping a winning streak that had resulted in record closes for five trading days in a row. Financials sold off ahead of banking earnings Friday morning. Pivotal Research downgraded Disney (DIS) to sell from hold. The firm said markets were not accounting for heightened political risks and uncertainty could hurt a range of companies. Private club operator ClubCorp (MYCC) rallied after establishing a strategic review committee to evaluate options to enhance shareholder value. Jefferies and Wells Fargo have been hired as financial advisers to the committee. Hess (HES) was one of the worst performers on the S&P 500 following production guidance for the year. The oil company upped its exploration capex budget by more than 18%.
More from Video
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.
Breaking down an approach to the long side of this biotech stock.