What to Watch Wednesday: Trump Press Conference, KB Home Earnings

On Wednesday, investors await what will be a closely watched press conference by President-elect Donald Trump. This is Trump's first official news conference since clinching the presidency on Nov. 8. A Senate confirmation hearing for former Exxon Mobil (XOM) - Get Report CEO Rex Tillerson will also be held Wednesday. Tillerson is Trump's pick for Secretary of State. Tillerson's ties to Russia will likely be a topic of conversation. As for the markets, investors await quarterly earnings from KB Home (KBH) - Get Report released after the markets close. As for economic data, the EIA Petroleum Status Report is out at 10:30 a.m. EST.