Market News

May 22, 2013  Wed 1:47 AM CT

Today's main event is Ben Bernanke's visit to Capitol Hill.

Traders are likely to monitor the Federal Reserve chairman's comments carefully for clues on a potential reduction in monetary stimulus. His appearance begins at 10 a.m. ET.

There are other headlines in the session. The Mortgage Bankers Association reports weekly home-loan applications at 7 a.m. ET, followed three hours later by existing home sales for April.

Weekly crude-oil inventories come out at 10:30 a.m. ET, and the Fed will release minutes from its last meeting at 2 p.m. ET.

The overnight session will also be busy, with manufacturing data expected from China, Germany, France, and the Eurozone before trading resumes in the United States Thursday morning.
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