What to Watch on Wednesday

Earnings news could be the driver for stocks Wednesday with several dozen S&P 500 companies reporting and a potential end to the earnings recession in sight.

There are also a few economic reports, including housing starts and building permits at 8:30 a.m. and the Beige Book on the economy at 2 p.m. EDT. There are several Fed speakers, and the third and final presidential debate is Wednesday evening.

Stronger-than-expected earnings from UnitedHealth Group and Goldman Sachs helped push the Dow higher Tuesday, and Netflix surged on its late Monday report, driving gains in the Nasdaq. Two big tech earnings have disappointed. IBM took a hit on earnings news during the trading day, and Intel’s report after the close knocked its stock down nearly 5 percent.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.