Deere Earnings, Data: What to Watch on Wall Street November 26th

On Wednesday, November 26th the day before the Thanksgiving holiday, farm equipment maker Deere & Co. (DE) is set to post its financial results before the opening bell. Economists say declining crop prices and lower farm income will negatively impact agriculture equipment demand during the rest of the year, in turn affecting the company's profit. Earnings for the Illinois-based Deere is projected to drop by nearly 25% from a year ago. Other notable earnings include a pair of offshore drilling companies, Seadrill Ltd (SDRL) and North Atlantic Drilling Ltd. (NADL), all reporting before the market opens. On the economic calendar we note durable goods orders, weekly jobless claims, personal income figures, and new home sales.