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Wall Street might turn its focus to the energy market Wednesday, as the earnings schedule is practically bare and the economic calendar has only a handful of releases.

OPEC will meet and discuss whether to increase output, and the Energy Department will release its weekly data on petroleum inventories. Both could be major factors in how the energy complex, and potentially the overall market, trades.

Meanwhile, investors also will get productivity and unit labor costs from the Labor Department, factory orders from the Census Bureau and the Institute for Supply Management's services index.

As for quarterly reports,





( NOVL) and

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, Adam Feuerstein will tell you what to watch for from the biotech sector next year, and Pia Sarkar will handicap the nation's chain stores as they prepare to post their same-store sales for November.