Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Stock market overview
1. Stock market overview
There's a bit of a negative mood in the markets, with Europe in the red following a tough trading day in Asia.
U.S. stock futures are not making any major moves ahead of the open.
That follows a sizable drop on Tuesday. The Dow Jones industrial average sunk 1%, the S&P 500 declined 0.9% and the Nasdaq posted the biggest loss, at 1.3%.
Japan avoids a recession: Japan's economy expanded 1.7% in the first quarter of 2016, bouncing back from a 1.7% contraction in the previous quarter.
2. Focus on Fed
2. Focus on Fed
Minutes from the latest Federal Open Market Committee meeting will be released at 2 p.m. ET.
The minutes will offer a peek inside the central bank's thinking, and investors will be looking for any hints about a potential June rate hike.
3. Eyes on oil
3. Eyes on oil
Traders are closely monitoring oil price fluctuations on Wednesday.
Crude has staged a massive recovery since trading below $27 per barrel in mid-February. Oil futures are now trading around $48 per barrel after various supply disruptions in places like Canada and Nigeria encouraged traders to bid prices up.
The change in supply dynamics means traders will be especially keen to see a weekly crude inventory report that's being released at 10:30 a.m. ET. Recent data from the U.S. Energy Information Administration show oil inventories have been at historically high levels.
4. Stocks to watch
4. Stocks to watch
The founder and CEO of Facebook (FB, Tech30), Mark Zuckerberg, is meeting with conservative media in California on Wednesday.
Glenn Beck, Dana Perino, S. E. Cupp and Zac Moffatt are among the key people who will be having a sit-down with Zuckerberg after accusations surfaced last week that Facebook suppressed conservative news stories in its "Trending" section.
Mitsubishi Motors announced Wednesday that president Tetsuo Aikawa will step down next month amid fallout from a huge scandal over cheating on fuel efficiency tests.
