crude inventories

Gainers

• United States Oil (NYSE: USO) up 2.45 percent to $39.37. Crude prices moving higher Wednesday, following news that the Seaway pipeline, which runs from the Gulf of Mexico to Cushing, Oklahoma, will be reversed, allowing for crude to reach refiners further south.
  
  In other news, crude inventories fell about 1.06 million barrels, which was largely in-line with views.
• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.59 percent to $44.83.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Intraday or Not Specified: Economics: 9:45am EST

• Chicago PMI - Street sees 55.1

10:30am EST

• Crude Inventories - no Street consensus

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Oil prices held above $74 a barrel Wednesday in Asia after OPEC left output levels unchanged and a report showed U.S. crude inventories fell last week.

HIGHER;

• United States Oil Fund LP (NYSE: USO) is up about 0.82% to $40.81. Crude inventories dropped by about 887K, fueling Sweet Crude futures to rise $0.88 to $80.02.
• Financial Select Sector SPDR (NYSE: XLF) trading up modestly to $14.95, about a 0.61% gain.
  
  The ETF is helped by a BofA Merrill Lynch report that investors don't see the Fed raising rates until H210.
  
  Also, John Paulson said he thinks Bank of America (NYSE: BAC) will double in two years. BAC, which represents a 10.3% holding of the ETF, is up 3.1% today.

ETF Movers: HIGHER:

• Financial Select Sector SPDR (NYSE: XLF) +0.7%. Up but off the day highs.
• Materials Select Sector SPDR (NYSE: XLB) +1.4%.
  
  Strength in commodity names it holds like Freeport
• McMoran (NYSE: FCX), Newmont (NYSE: NEM), and Alcoa (NYSE: AA).
• Claymore/MAC Global Solar Energy (NYSE: TAN) +2.1%.
  
  Solar names reacting positive to jump in crude
• United States Oil (NYSE: USO) +1%. Big draw down in crude inventories and inflaiton fears
• SPDR Gold Shares (NYSE: GLD) +0.6%.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Economics: 8:15am ET

• ADP Employment for Sept.
  
  - Street expects -200K

8:30am ET

• Final GDP for Q2 - Street expects -1.2%

Earnings: Actuant (NYSE: ATU) - consensus EPS $0.16 Intraday or Not Specified: Economics: 9:45am ET

• Chicago PMI for Sept.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Earnings: AutoZone (NYSE: AZO) - consensus EPS $4.45 General Mills (NYSE: GIS) - consensus EPS $1.03 Intraday or Not Specified: Economics: 10am ET

• Crude Inventories for 9/18

2:15pm ET

• FOMC Rate Decision for September

Earnings: Bed Bath & Beyond (Nasdaq: BBBY) - consensus EPS $0.48 After Market Closes: Earnings: Cintas (Nasdaq: CTAS) - consensus EPS $0.39 Comtech Telecommunications (Nasdaq: CMTL) - consensus EPS

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Economics: 8:30am ET

• CPI for August - Street expects 0.1%

9:15am ET

• Capacity Utilization for August - Street expects 69.1%
• Industrial Production for August - Street expects 0.7%

Intraday or Not Specified: Economics: 10:30am ET

• Crude Inventories for the week of 9/11

After Market Closes: Earnings: Apogee Enterprise (Nasdaq: APOG) - consensus EPS $0.24 CKE Restaurants (NYSE: CKR) - consens

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Economics: 7am ET

• MBA Mortgage Applications for the week of 8/28

8:15am ET

• ADP Employment Change for August - Street expects 250K

8:30am ET

• Nonfarm Productivity for Q2 (final) - Street expects 6.4%

Earnings: DHT Maritime (NYSE: DHT) - consensus EPS $0.16 Joy Global (Nasdaq: JOYG) - consensus EPS $0.95 Zale Corp.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Earnings: BJ's Wholesale (NYSE: BJ) - consensus EPS $0.62 Deere (NYSE: DE) - consensus EPS $0.57 Eaton Vance (NYSE: EV) - consensus EPS $0.27 Flowers Foods (NYSE: FLO) - consensus EPS $0.29 Perry Ellis (Nasdaq: PERY) - consensus loss $0.57 Yingli Green Energy (NYSE: YGE) - consensus EPS $0.04 Intraday or Not Specified: Economics: 10:30am ET

• Crude Inventories for the week of 8/14

Earnings: Gymboree (Nasdaq: GYMB) - consensus EPS $0.38 NetAp