Sun, Jan 26, 2014 - Page 15 News List

Fall in US stocks fuels correction talk

REASSESSMENT:Estimates that the market might be overvalued by 10% to 20% and steep falls in emerging-market currencies weighed on investors’ minds, analysts said


The calendar of corporate earnings include reports from giants like Apple, Pfizer, Boeing, Caterpillar, ExxonMobil, Facebook and Google.

Traders could see individual stocks lifted or depressed by an ongoing wave of shareholder activism that shows no sign of abating.

Last week, Third Point disclosed a campaign to shake up Dow Chemical, while longtime corporate raider Carl Icahn pressed ahead with campaigns to win a large share buyback from Apple and the spinoff of eBay’s PayPal unit.

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