1. Taking a breather?:U.S. stock futures are pointing down Wednesday after a breathtaking run in recent days.
2. Oil gains: Crude oil futures are continuing to push up, reaching the highest level seen in more than three years. U.S. crude is trading around $ 63.50 per barrel, a far cry from the lows of early 2016 when prices were around $ 26.
Prices could be volatile Wednesday as the latest weekly U.S. crude inventories report comes out at 10:30 a.m. ET.
Oil dropped sharply in 2014 and only started recovering in 2016. OPEC’s decision to limit production has helped, and the cartel agreed in November to extend those supply curbs to the end of 2018.
3. Stocks to watch — Domino’s, Kodak: Domino’s Pizza( stock has been piping hot lately, with shares quintupling over the past five years. But things could cool a little Wednesday after Domino’s announced its CEO would leave at the end of June. )
CEO J. Patrick Doyle will be succeeded by Richard Allison, currently president of Domino’s international division.
Shares in Kodak( could rise again after surging by 119% on Tuesday. The venerable camera brand announced it was investing in blockchain technology and )plans to launch a “photo-centric cryptocurrency” called KODAKCoin.
4. Earnings:Lennar( is reporting quarterly results ahead of the open. )RE/MAX Holdings( is expected to release earnings after the closing bell. )
5. Coming this week:
Wednesday — Consumer Electronics Show continues in Las Vegas
Thursday — Delta( earnings )
Friday — JPMorgan(, )Wells Fargo(, )BlackRock( report earnings; December retail sales )