Good morning!
Stock market futures for Wednesday, Nov. 12, forecasted a 74-point decline in the Dow Jones Industrial Average, and from yesterday's close (Tuesday) with retail earnings and bank regulatory settlements on tap. On Tuesday, the Dow Jones closed at its fifth-consecutive record high. The Index may have only added a little more than one point, but a small rally prior to the closing bell continues the market's positive momentum. The S&P 500 Volatility Index (VIX) - the market's volatility gauge - increased nearly 2%.
Today, keep an eye on the market's reaction to Japan's possible delay in hiking its national sales tax. With the Nikkei reaching a seven-year high this morning, President Shinzo Abe is considering a vote that would potentially delay a hike in the tax scheduled for October 2015. It's also worth paying attention to events surrounding social media giant Twitter Inc. (Nasdaq: TWTR). The company will host a meeting today in San Francisco for stock analysts that will feature speeches from Chief Executive Officer Dick Costolo and Chief Financial Officer Anthony Noto.
Here's what else you should know - including your "Money Morning Tip of the Day" - to make your Wednesday profitable:
Full U.S. Economic Calendar November 12, 2014