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    Last update: December 22, 2009

    +Amgen, Symantec next in line to release results
      SAN FRANCISCO (MarketWatch) -- Biotech giant Amgen Inc. and Internet security software provider Symantec Corp. are among the companies set to report quarterly results during Wednesday's after-hours trading session.

    +Energy stocks move into the green as oil rallies
      NEW YORK (MarketWatch) - Energy stocks turned around and header higher Wednesday after an unexpected drop in fuel inventories, as Wall Street sifted through major earnings reports from ConocoPhillips, Occidental Petroleum and National Oilwell Varco on Wednesday.

    +Treasurys rally on Merrill write-down, housing data
      NEW YORK (MarketWatch) -- Treasurys rallied on Wednesday, sending yields lower, after Merrill Lynch posted huge write-downs associated with subprime mortgages, while concerns about the economy were fueled by data showing existing-home sales fell to an eight-year low.

    +Crude-oil futures rally on sharp drop in supplies
      NEW YORK (MarketWatch) -- Crude-oil futures rallied Wednesday after the Energy Department reported that crude supplies dropped by a much higher-than-expected 5.3 million barrels in the latest week.

    +Tesoro economist says oil should be in $60s, not $90s
      NEW YORK (MarketWatch) -- Tesoro Corp. chief economist Lynn Westfall said record prices for crude-oil futures are out of whack with the physical market for oil as hedge funds and other speculators drive up the price.

    +Wednesday's biggest gaining and declining stocks
      SAN FRANCISCO (MarketWatch) -- Shares of the following companies were among those making notable moves in the U.S. stock market Wednesday.

    +Updates, advisories and surprises
      A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

    +Gold futures end higher, as dollar trades mixed
      NEW YORK (MarketWatch) -- Gold futures finished a volatile session with gains Wednesday against a backdrop of mixed trading in the dollar and rallying crude-oil prices.

    +AEP profit rises 54%, confirms full-year forecast
      SAN FRANCISCO (MarketWatch) -- American Electric Power Company, Inc.'s third-quarter profit climbed as electricity customers jacked up their air conditioning systems, results showed Wednesday, and the utility backed its profit forecasts for the year.

    +Merrill Lynch shares tumble as write-downs balloon
      NEW YORK (MarketWatch) -- Merrill Lynch, the nation's largest broker, on Tuesday reported its first loss in about six years, saying bad judgment and weak risk management strategies forced it to write down almost $8 billion of mortgage and related assets, well above its own previous estimate.

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