Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Commodities Take a Beating
Prices for most major commodities -- including gold, silver, nickel and zinc -- are falling, but copper prices are taking the biggest tumble.
US copper futures are down 6% early Wednesday. Prices have fallen by about 15% since the start of the year. Oil prices continue to drop.
2) Stocks in the Red
US stock futures are firmly in negative territory.
Major European markets are all declining by about 1% in early trading, with mining companies taking a major beating. Asian markets ended with losses.
3) Earnings and Economics
JPMorgan Chase (JPM) and Wells Fargo (WFC) will report quarterly earnings before the opening bell.
Burberry (BURBY) just provided a quarterly trading update in London, reporting sales surged in the last three months of 2014. But the company also noted that Hong Kong sales were disrupted by last year's pro-democracy protests.
On the data front, the Census Bureau will report December's retail sales number at 8:30am ET.
At 2:00pm the US Federal Reserve will release its latest Beige Book.
4) Tuesday Market Recap
Tuesday was the third consecutive day of declines in the stock market. Stocks had originally jumped in the morning but then fell back to earth.
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