Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, May 15:
1. -- U.S. stock futures were pointing to a flat open Wednesday, easing off fresh highs from the prior session as the market awaited a heavy slate of economic reports.
2. -- The economic calendar in the U.S. Wednesday includes the Producer Price Index for April at 8:30 a.m. EDT, the Empire State Manufacturing survey for May at 8:30 a.m., industrial production and capacity utilization for April at 9:15 a.m., and the NAHB Housing Market Index for May at 10 a.m.
3. -- U.S. stocks on Tuesday rose as hedge fund manager David Tepper's bullish comments about stocks offset worries about the Federal Reserve's scaling back on monetary stimulus.
The S&P 500 gained 1% to 1,650.34.
4. -- Shareholder support for a resolution that would recommend splitting the CEO and chairman jobs held by Jamie Dimon at JPMorgan Chase
If the current count holds through the banks annual shareholder meeting next Tuesday, Dimon would win the vote even though support for the proposal would be the highest in at least eight years, the Journal noted.
5. -- Boeing
6. -- Cisco Systems
7. -- BlackBerry
BlackBerry also said it would offer its BlackBerry Messenger service on iPhones and devices running Google's
8. -- Deere
Revenue rose to $10.91 billion from $10.01 billion a year earlier, topping analysts' views of $9.85 billion.
Deere trimmed its equipment sales forecast for the year.