Investors will try to bring stocks out of the doldrums. The Dow Jones Industrial Average has closed lower for eight straight sessions, the longest losing streak since 2011. Wall Street has been worried lately about tax reform delays as Washington lawmakers argue over health-care change. Several Federal Reserve officials are speaking today at various events. American Airlines (AAL) wants a piece of China. It's spending $200 million on a stake in China Southern Airlines. The deal ties American with one of China's big three state-run airlines. President Donald Trump is set to roll back regulations on coal today. The regulations were put into place during the Obama administration. The West Virginia Metro News says part of the executive order is expected to include a request to the environmental protection agency to repeal the clean power plan.
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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.