The Market On Wednesday

On Wednesday at 7:50 a.m. futures are modestly up and journalists are expecting the market to open higher.

Oil is up heading towards $68 per barrel.

Layoff numbers for September are already on tap with the expectation that less jobs were cut than in August. Finally we might be seeing a slowdown in layoffs.

Investor's eyes are awaiting third quarter GDP numbers. The hope is that the economy grew in the third quarter, officially ending the recession, in technical terms.

Reuters: Stock futures rise as Q3 nears end

With the third quarter drawing to a close, trading is expected to be volatile as traders engage in "window dressing," with fund managers selling laggards in favor of outperformers to spruce up portfolios.