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Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Dick’s Sporting Goods Sales Seen Falling

A trio of retail earnings highlight the earnings lineup before the bell tomorrow

Dick’s Sporting Goods (NYSE:) is expected to report a of 59 cents per share on sales of about $1.9 billion, according to analysts’ forecasts compiled by Investing.com.

Comparable sales are expected to have fallen 1.3% for the quarter, according to Briefing.com. Dick’s is believed to be vulnerable to tariffs on Chinese-manufactured goods. The stock fell 2.3% on Tuesday. It is still up 14.7% this year but off 3.3% in May.

Last month, Citigroup (NYSE:) resumed coverage of the stock with a neutral rating and a $40 price target, noting that increased online competition will likely continue to weigh on margins.

Abercrombie & Fitch (NYSE:) is expected to post a of 43 cents per share, with sales coming in at about $733.4 million. Shares are up 24.7% this year but off 16.6% this year.

And Canada Goose (NYSE:), the maker of outerwear, is forecast to 3 cents per share for its latest quarter on sales of $119.4 million. The stock is up 12.1% this year but off 4.3% in May.

2. API Inventories Due as Driving Season Gears Up

The , which showed a surprise fifth-straight build last week, will likely come under scrutiny on Wednesday, as the tug of war on oil prices between the ongoing U.S.-China trade war and escalating tensions in Middle East persist.

“The escalating trade war has helped pressure oil prices, yet tensions with Iran and attacks on oil tankers and other risks are keeping oil strong,” said Phil Flynn at Price Futures in Chicago.

WTI crude rose 0.9 % to settle at $59.14 a barrel Tuesday on expectations for reduced domestic supplies after flooding dented crude flow distributions from the main U.S. storage hub in Cushing, Okla.

U.S. oil prices could be set to add to gains in the near future in the wake of the start of the U.S. driving season, which typically sees a rise in demand for fuel, generating bullish crude drawdowns.

Bob Yawger, director of futures at Mizuho Securities USA said that while concerns about the U.S.-China trade situation continue to linger, the summer driving season typically produces an “overwhelming spike in demand in the U.S. and everywhere else.”

“It looks like there could be some upside,” Yawger added.

3. Richmond Fed Index Expected to Tick Up

The economic calendar is fairly light during the holiday-shortened week, but the Richmond Federal Reserve Bank will issue its measure of regional manufacturing activity tomorrow.

The May Richmond Manufacturing Index comes out at 10:00 AM ET (14:00).

On average, economists expect that the rose to 6 last month from 3 in April, according to forecasts compiled by Investing.com.

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