The economic calendar in the U.S. Wednesday includes the ADP employment change report at 8:15 a.m. EST and the advance fourth-quarter report on gross domestic product at 8:30 a.m. The Fed will make a policy announcement at 2:15 p.m. following a two-day meeting of the central bank.
U.S. stocks on Tuesday finished mixed with the Dow Jones Industrial Average rising 0.5% to 13,954 for its highest close since October 2007. The S&P 500 rose 8 points, or 0.5%, to 1,508. The Nasdaq lost less than a point to 3,153.66.
Amazon.com ( AMZN) said fourth-quarter revenue rose 22% but the online retailer missed Wall Street's bottom-line estimate. First-quarter guidance from Amazon was weaker than anticipated, with the company forecasting revenue between $15 billion and $16.6 billion. Analysts were expecting $16.85 billion in sales.
Facebook ( FB) is expected to issue its fourth-quarter earnings after the stock market closes on Wednesday and analysts expect the world's biggest social networking company to post profit of 15 cents a share on revenue of $1.51 billion.
Research In Motion ( RIMM) unveils its eagerly anticipated BlackBerry 10 technology on Wednesday. TheStreet will be live-blogging the announcement beginning at 9:30 a.m.
Boeing ( BA) is expected by Wall Street Wednesday to report fourth-quarter earnings of $1.19 a share on revenue of $22.36 billion. Boeing's report comes amid an intensifying investigation by U.S. regulators of the lithium-ion batteries used in Boeing's grounded 787 Dreamliners.
Chesapeake Energy ( CSK) CEO Aubrey McClendon is leaving the company he founded 24 years ago amid philosophical differences with the company's new board.
The European Union on Wednesday confirmed its rejection of a $6.9 billion deal for UPS ( UPS) to acquire Dutch delivery company TNT Express. UPS, the shipping giant, pulled out of the deal earlier this month because of EU objections.
Toyota ( TM) is recalling 907,000 vehicles, mostly Corolla models, around the world for faulty air bags and another 385,000 Lexus IS luxury cars for defective wipers. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.