National Economic Council Director Gary Cohn resigned on Tuesday. TheStreet's founder Jim Cramer was all over this potential market-moving event LAST WEEK.
Stock prices around the globe tanked today.
While the Cohn news is likely to dominate headlines on Wednesday, there are several other events that will try to thieve the spotlight. Here are a couple of them to put on your radar screen.
Abercrombie & Fitch Earnings
Shares of apparel retailer Abercrombie & Fitch (ANF) have skyrocketed about 78% over the last year as CEO Fran Horowitz continues to execute on her turnaround plan. Wall Street will be looking for another solid quarter at the value-based Hollister chain and further improvement in the namesake Abercrombie & Fitch division.
In hindsight, it was probably a good idea that Abercrombie decided not to sell itself in July last year.
ADP Employment Report
The ADP employment report will give traders a first peak at whether the market remains petrified of inflation and subsequently, higher interest rates. If the ADP headline number comes in above the expected 195,000, the market may tank on fears of hot wage data when the February jobs report hits the wires on Friday morning.
Retail earnings season rages on with Costco (COST) reporting earnings after the close of trading. Only thing investors in the warehouse giant care about: how bad do profit margins look in the world of Action Alerts Plus holding Amazon (AMZN) . Target (TGT) and Walmart (WMT) both delivered weak profit margins in the fourth quarter due to competitive pricing pressures.