In ‘What to Watch on Wall Street’ for Wednesday November 25, it’s likely to be a quiet day on Wall Street ahead of the Thanksgiving holiday. But, we have a handful of economic reports coming out. The ones to pay attention to are MBA mortgage applications at 7 a.m. Eastern followed by durable goods orders, jobless claims, and personal income and spending shortly after. Then later in the morning, new home sales report comes out along with consumer sentiment. Last but not least, the EIA is set to release its weekly oil inventory data at 10:30 a.m. As earnings season tails off, the only company releasing its report before the market opens is Deere (DE)–the farm equipment manufacturer. Analysts surveyed by Thomson Reuters expect Deere to report earnings of $0.75 a share on revenue of $6.12 billion. Both profit and revenue are projected to decline from a year ago as the company has been struggling with weak conditions in the global farm sector. TheStreet’s U-Jin Lee reports from Wall Street.
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