Stocks: Gearing up for more earnings

Townhall.com Staff
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Posted: Apr 18, 2012 8:55 AM
Stocks: Gearing up for more earnings

U.S. stocks were poised for a modest retreat Wednesday, as investors await the latest news round of corporate earnings.

The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were about 0.3% lower in premarket trading. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.

"Today, in the absence of any real hard news, I think it's going to be earnings [that drive trading], and probably a bit of curbing of enthusiasm after the big move we saw in the equity markets yesterday," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.