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, DSW ( DSW), Novell ( NOVL) and Casella Waste ( CWST) are among the few companies due to post their numbers.

Also, Bristol-Myers Squibb ( BMY) will host an investor meeting.

On TheStreet.com, 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.

More from Opinion

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

Musk Goes on Unoriginal Media Tirade

Musk Goes on Unoriginal Media Tirade

What's Happening in Video Games This Week: On the Road to E3

What's Happening in Video Games This Week: On the Road to E3