Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
The ADP national employment report for July is scheduled for release at 8:15 a.m. ET. Analysts expect a 700,000 rise in private payrolls for July following a 692,000 increase in the previous month.
US Services Purchasing Managers' Index for July will be released at 9:45 a.m. ET. Analysts expect services index declining nearly 5 points to a reading of 59.8 in July.
Federal Reserve Vice Chair Richard Clarida is set to speak at 10:00 a.m. ET.
The ISM's services index for July is scheduled for release at 10:00 a.m. ET. The ISM's services index is likely to extend its run with an expected reading of 60.4 for July, up from previous reading of 60.1.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.