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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Apple sales & glitches; Adobe forecast; Qualcomm job cuts; La Quinta shakeup

Bill McColl

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Apple (AAPL) Marketwatch reports the tech giant is getting some love from RBC Capital Markets.  RBC says because of a shift in the calendar, it expects sales of the new iPhone 6S to go up an additional 2 - 2.5 million units in the December quarter.  RBC notes that should allay fears of some investors that those sales might be weak. Meantime, Reuters is reporting a large number of Apple customers are complaining that their mobile devices are crashing as they try to download the new IOS 9 operating system.

Adobe Systems (ADBE) The maker of Acrobat, Photoshop and other software is reporting a beat on both the top and bottom lines in the fiscal third quarter. However, Adobe's forecasts for both profit and revenue in the current quarter are below what analysts had been looking for.  In addition, the company announced a management shakeup, including the resignation of its Digital Media chief.

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Qualcomm (QCOM) The wireless technology company has begun handing out pink slips to employees at its San Diego headquarters. The San Diego Union-Tribune reports more than 1,300 jobs are being eliminated there as part of an overall plan to reduce the company's workforce by 15%.  The layoffs are part of an effort by Qualcomm cut costs by $1.4 billion annually.

La Quinta Holdings (LQ) The hotel chain says CEO Wayne Goldberg is resigning and will be replaced immediately by CFO Keith Cline on an interim basis. La Quinta is also cutting its full-year financial forecast because of what it calls weaker than expected demand for hotel rooms in August and September.

Southwest Airlines (LUV) The Dallas-based carrier and its pilots' union have agreed on a tentative contract.  Both sides say the deal boosts wages and improves work rules.  The more than 8,000 Southwest pilots will vote on the agreement November 4th.

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