One key government economic report is set for release ahead of the opening bell, with February durable goods orders out at 8:30 a.m. ET. Economists are looking for a 0.2 percent increase, following January's 2.8 percent rise. |
The Energy Department's usual Wednesday assessment of oil and gasoline inventories at 10:30 a.m. ET-a report that's being watched closely because of the oversupply concerns in the crude market. |
Mortgage applications soared to their highest level since January last week, thanks to the lowest interest rates since February. Total volume rose 9.5 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. |
Payroll processing company Paychex (PAYX) is among the companies releasing quarterly earnings this morning, while retailer Five Below (FIVE), clothing maker PVH (PVH), and software maker Red Hat (RHT) are out with quarterly numbers after the closing bell. |
Sonic (SONC) reported late Tuesday adjusted earnings and revenue thatbeat expectations. Comparable restaurant sales were up 21 percent, although the fast food chain's earnings outlook was on the conservative side. |
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