Here's a super-quick guide to what traders are talking about right now
- Stock futures are lower. Apple is down 3% pre-market after the company reported another quarterly drop in iPhone sales and shrinking shipments across all the company's key product lines.
- Crude oil is at a three-week low. The American Petroleum Institute's weekly report on US inventories showed a huge build on Tuesday.
- The advance goods trade balance and wholesale inventories will cross at 8:30 a.m. ET. New home sales data will be released at 10 a.m. Microsoft is expected to unveil new Windows hardware at an event starting at 10 a.m. ET. Tesla will report earnings after the closing bell.