The launch of the iPhone 14 is expected Wednesday, a day when there shouldn't be much competition from other news. At 7:30 a.m. CDT Wednesday, the U.S. Commerce Department releases the trade deficit for July and provides more detailed export data for USDA to release later Wednesday morning. The Federal Reserve's Beige Book follows at 1 p.m. Traders will keep an eye on news from Ukraine and China, as well as the latest weather forecasts.
Weather
A ridge of high pressure continues to have a strong foothold in the western U.S. where heat continues. The heat has leaked out into the Plains as well in advance of the next system that will move through the Canadian Prairies today. Some isolated showers will be found there as well as into the Southeast, otherwise most of the country will be dry today.