U.S. equities rolled over again U.S. equities rolled over again following European bourses lower after fresh jitters there following a large 4% drop in German industrial production. The Euro Stoxx 50 is over 1% lower, while the Spain IBEX 35 sank 1.4% as peripheral spreads begin to widen back out again. The Dow is 43-points lower, S&P sank 4-points and NASDAQ is off 8-points in pre-open action. With earnings season on the doorstep and lingering concerns about dollar strength and European weakness, the stock market is pausing to assess any damage to corporate balance sheets. Amazon shed 1% after an EU probe of the company using Luxembourg as its profit center for tax purposes. A big drop in AGCO earnings came after a sales slump, knocking its shares 19% lower. Zillow sank nearly 2% after a drop in unique users to its online real estate site. GT Advanced Technologies rallied 19% after diving 93% yesterday with its bankruptcy filing. JOLTS, consumer credit and Fedspeak are all on tap later.
Federal Reserve Bank of Minneapolis Bank President speaks on monetary policy Minneapolis Federal Reserve Bank President Kocherlakota speaks on monetary policy objectives in Rapid City, North Dakota on October 7 at 2:30 pm.