U.S. existing home sales for April will be out at 9 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m. Minutes from the latest Fed meeting will be released at 1 p.m. Traders continue to keep close watch over the latest weather forecasts.
Weather
A strong system that brought heavy rain and severe weather to the Upper Midwest Tuesday will have its cold front settle near the Ohio River for Wednesday, which should remain active. The southern end of the front, which goes back down into Texas, may be more active with a higher risk of severe weather. Heavy rain along the front could cause flooding over the next few days.