Obama says that the U.S. will change outdated policies with Cuba by reestablishing diplomatic relations and opening both economic and travel ties between the two nations.
FedEx, the Memphis based shipping giant, reported earnings that sent shares down nearly 4% in early morning trading.
Bearish calls for Marathon Petroleum (MPC), PG&E (PCG) and Verizon (VZ) in Wednesday's Analysts' Actions.
Costco topped estimates on earnings for the second straight quarter, and shares have been rising in the second half of the year.
Stocks rallied on Wall Street in midday trading Wednesday as oil prices finally move higher. The Dow was up triple digits.
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