For Wednesday July 29, TheStreet highlights the Federal Open Market Committee meeting announcement, the key earnings reports and economic data to watch on Wall Street. Policymakers dissect recent economic data, including the Greek debt crisis, the selloff in the Chinese markets and the tightening U.S. labor market for the second day. On the earnings front, we get quarterly earnings results from MasterCard (MA), Northrop Grumman Corp (NOC), Anthem (ANTM) before the market opens. And in the afternoon, earnings from Facebook (FB), MetLife (MET), and Wynn Resorts (WYNN) are due out. On the economic calendar, we point out the MBA mortgage applications, pending home sales, the EIA petroleum status report, and of course, the FOMC announcement. TheStreet's Kurumi Fukushima reports in New York.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.