The Dow Jones Industrial Average ended with losses for its eighth session in a row on worries the Trump administration can't enact the growth initiatives promised. The losing streak was the longest since 2011. Disney's (DIS) live-action Beauty and the Beast dominated the box office for the second weekend in a row. The film earned $88 million at North American cinemas over the weekend. G-III Apparel (GIII) slumped after swinging to a quarterly loss and guiding for a weaker-than-expected fiscal year. The clothing brand said the retail environment has become "increasingly disrupted" as consumer buying behavior changes and e-commerce grows. Best Buy (BBY) rose after Piper Jaffray upgraded the stock to OVERWEIGHT from SECTOR WEIGHT and increased its price target by $10. Analysts said they see the potential for higher comparable store sales growth.
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.