June 19 (Bloomberg) -- West Texas Intermediate crude rose to a nine-month high after an industry report showed U.S. inventories dropped last week.

June 19 (Bloomberg) -- Mortgage applications in the U.S. decreased last week as borrowing costs climbed, keeping refinancing hovering around a more than one-year low.

U.S. stock futures are mixed in light trading with investors holding back before the Federal Reserve reveals its stance on the economy.

Major Economic Releases

Santarus Inc. (Nasdaq: SNTS) and Pharming Group said Tuesday that the Food and Drug Administration accepted their marketing application for the hereditary angioedema drug Ruconest, and will make a decision in 10 months.

Stocks extended their recent rally Tuesday as investors await word from the Federal Reserve on interest rates and the economy.

Retailers call it shrink, losses realized from shoplifting and employee theft. In addition to significantly affecting the profits of a company, these criminal activities also make it more expensive for consumers to shop.

Acadia Pharmaceuticals Inc. presented data from Phase 3 testing of pimavanserin for Parkinson’s disease psychosis, and B>Realty Income Corp. announced an increase in the company’s common stock monthly cash dividend, according to company announcements, SEC filings and Bloomberg News.

It's all about streaks on Wall Street. Remember how the Dow Industrials had been up for 21 consecutive Tuesdays? Well, the new streak is consecutive days of triple-digit closes for the Dow.

Major Economic Releases

Biomed Realty Trust Inc. announced that its board of directors has declared a second-quarter 2013 dividend, and Encore Capital Group Inc. announced it has commenced a private offering, according to company announcements, SEC filings and Bloomberg News.

Since the last time the Dow Industrials hit an all-time high -- May 28, less than three weeks ago -- the markets have been in a mini-correction, down just 2.2 percent from the peak of 15,409. To be sure, there has been a slowdown in buying activity but you could hardly suggest the sellers are in control. One thing is sure: volatility is back.

Major Economic Releases

Financial crime targeted at senior citizens is on the rise. After all, the vast majority of household wealth in the United States is in the hands of people over the age of 65 and they often face dangerous financial circumstances.

The last week of spring is filled with events, ranging from a boat show, an educational program, and conferences. Feel free to partake in one or all before things really heat up.

Well, it appears to be happening — interest rates are increasing and bonds prices are falling. But fallout from the climbing interest rate has also been felt by holders of REITs.

TriTech Software Systems, a developer of computer software for the public safety sector, is reporting a year-to-date record for the number of sales contracts signed and systems brought online.

Sempra Energy (NYSE: SRE) announced Friday that Kathleen L. Brown, who recently retired from the investment banking firm Goldman Sachs, has been appointed to the company's board of directors.

Mast Therapeutics Inc. (NYSE: MSTX) has priced an underwritten public offering of 50 million units at a cost of 50 cents per unit.

The June stock market is proving to be a trader’s delight. Up triple digits one day, down triple digits the next. The trouble is there is no way of telling which way the next move will be. Yesterday was a perfect example.