3. What to watch -- Solar stocks and banks: Shares in First Solar(FSLR) aren't shining right now. The company announced plans to cut 1,600 jobs, which is equivalent to 27% of its global workforce. The stock is down about 10% premarket.
Federal prosecutors are expected to issue a fine Thursday against JPMorgan(JPM) following an investigation into the company's hiring practices in China. The bank has reportedly been accused of improperly hiring the children of China's ruling elite in an effort to win lucrative business in the country.
Wells Fargo(WFC) is also in the spotlight as the bank is set to release customer numbers for October and host a conference call with its chief financial officer and the head of its retail banking unit.
Wells Fargo admitted in September to creating as many as 2 million fake bank accounts and firing 5,300 of its workers in relation to the scandal.
4. Earnings and economics:Best Buy(BBY), Staples(SPLS) and Walmart(WMT) are some of the key companies reporting earnings before the opening bell.
Investors will be looking for details about how consumer spending held up during the election. They'll also expect forecasts for the holiday shopping season.
Salesforce.com(CRM, Tech30), Gap(GPS) and Williams-Sonoma(WSM) are releasing earnings after the close.
The U.S. Bureau of Labor Statistics is releasing inflation data for October at 8:30 a.m. The Census Bureau will release reports on housing starts and building permits at the same time.
6. Coming this week: Thursday - Walmart(WMT) and Salesforce.com(CRM, Tech30) earnings; Janet Yellen testifies about economic outlook Friday - "Fantastic Beasts and Where to Find Them" release, "The Grand Tour" premieres on Amazon Prime