Negotiators reach an agreement last night to fund the government through September, avoiding a government shutdown. Friday, Congress passed a stopgap funding bill that kept the government open for another week, giving lawmakers until midnight May 5th to try to reach a compromise on legislation to fund the government through fiscal 2017, which ends September 30th. There could be a fight brewing to buy Tribune Media (TRCO) . Blackstone would provide the cash for the acquisition while FOX (FOX) would add all its owned and operated television stations to the joint venture. Sinclair Broadcasting group (SBGI) also reportedly made a bid for Tribune. UPS (UPS) maintenance workers are turning up the pressure on the company. Reuters reports they will go on strike if their 3 year old contract dispute isn't resolved soon. They reportedly will protest at the UPS shareholder meeting Thursday.
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.