Snap-on Inc.reported strong third-quarter 2014 results with healthy growth in net sales and earnings. Net income in the reported quarter increased to $103.7 million or $1.76 per share from $84.6 million or $1.43 per share in the year-earlier quarter.

September E-mini S&Ps (ESU14 -0.10%) this morning are down -0.11% and European stocks are down -0.90% as investors lighten up positions ahead of speeches later today from Fed Chair Yellen and ECB President Draghi at the Fed's annual symposium in Jackson Hole, Wyoming.