Big Banks, Consumer Confidence, Oil Stocks: 3 Things to Watch

Big Banks, Consumer Confidence, Oil Stocks: 3 Things to Watch

© Reuters.

By Dhirendra Tripathi

Investing.com -- Stocks gave back some gains after reaching intraday highs early, and Facebook (NASDAQ:) got a late afternoon boost that propelled its market value above the $1 trillion mark.

A federal judge tossed out the government's antitrust lawsuit against Facebook Inc (NASDAQ:), ruling the Federal Trade Commissions and states don't have valid claims.

Facebook surged 3.6% Monday, and the tech-heavy rose 0.9%. But the was essentially flat and the blue chips dipped into the red.

Most investors are watching for the government's jobs report for June, which comes out on Friday. 

Energy slipped more than 3% as oil prices came under pressure ahead of the OPEC meeting Thursday. Major oil producers are expected to decide to increase production starting in August after already planned production hikes in July.

Here are three things that could affect markets tomorrow:

1. Banks seen hiking payouts

Big banks are expected to announce dividend and buyback plans for the coming year now that the group has comfortably passed the Federal Reserve's latest round of stress tests. Watch Bank of America (NYSE:), Citigroup (NYSE:), JPMorgan Chase (NYSE:), and Wells Fargo (NYSE:)