The economic calendar in the U.S. Wednesday includes the consumer price index at 8:30 a.m. EST and industrial production at 9:15 a.m.
U.S. stocks on Tuesday closed mixed as investors braced for bank earnings and processed a slew of economic reports. The Dow Jones Industrial Average rose 28 points, or 0.2%, to 13,535. The S&P 500 gained 2 points, or 0.1%, to 1,472. The Nasdaq slipped 7 points, or 0.2%, to 3,111 as Apple (AAPL) shares slid 3.2% to trade below $500.
JPMorgan Chase (JPM - Get Report) is expected by analysts Wednesday to post fourth-quarter profit of $1.16 a share on revenue of $24.42 billion. Goldman Sachs (GS - Get Report) is expected by Wall Street Wednesday to report fourth-quarter earnings of $3.78 a share on revenue of $7.91 billion.
Japan's two biggest airlines grounded all their Boeing (BA - Get Report) 787 aircraft for safety checks Wednesday after one was forced to make an emergency landing in the latest blow for the new jet.
General Motors (GM - Get Report) said Tuesday it expects only a modest increase in pretax profit this year as it rolls out multiple new cars and trucks worldwide.
Facebook (FB - Get Report) hosted its big press event on Tuesday and unveiled what it calls Graph Search. CEO Mark Zuckerberg said Graph Search is a new way to search the billion people and more than 240 billion photos on Facebook, as well as the social network's more than a trillion connections.
Earnings are expected Wednesday from eBay (EBAY), U.S. Bancorp (USB) and Bank of New York (BK).
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel