Wednesday's economic calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Final Q2 GDP and Corporate Profits
9:00 NAPM NY Report on Business
9:30 SEC panel on short selling, Day 2
9:45 NAPM Chicago Business Barometer
10:30 EIA Petroleum Inventories
10:30 Fed's Lockhart speaks on U.S. economic outlook
12:00 PM Chicago Fed's Midwest Manufacturing Index
12:35 PM Fed's Kohn participates in panel on "Central Bank Exit Policies"
2:30 PM Fed's Tarullo testifies on "International Cooperation to Modernize Financial Regulation"