Markets are pointing to a higher start after President Trump's speech last night. Analysts and traders say the speech didn't have the specifics they were hoping for but they did like the tone. President Trump offered some details on replacing Obamacare and indicated more individual choice in healthcare plans. He also reiterated plans to boost military spending and infrastructure projects. He said $1 trillion of infrastructure investment should come from both public and private capital. Snap is looking to price its shares for the IPO above the range. CNBC reports the range the tech company is seeking is $17 to $18 a share. Snap is also reportedly looking to get into the drone business. Lowe's (LOW) turned in earnings above expectations. Revenue and same store sales also came in better than expected.
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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.