NEW YORK (
) -- U.S. stock futures were pointing to a mostly flat open for Wall Street on Wednesday, ahead of earnings from
Bank of America
and data on the U.S. housing market.
European stocks were rising after Moody's retained Spain's investment grade credit rating. Asian shares finished with gains; Japan's Nikkei 225 average rose 1.2%.
The economic calendar in the U.S. Wednesday includes housing starts and building permits for September at 8:30 a.m. EDT.
on Tuesday closed higher, buoyed by a batch of strong big-cap earnings reports and data showing a rebound in industrial production last month.
Dow Jones Industrial Average
finished up more than 127 points, or 0.95%, at 13,552.
President Obama came out fighting in the second
Tuesday night, clashing with his rival Mitt Romney over taxes, deficit-reducing measures, energy, pay equity for women and health care issues.
Bank of America is expected to issue its third-quarter earnings report before Wednesday's opening bell and analysts expect the bank to post a loss of 7 cents a share on revenue of $21.89 billion.
is expected by analysts early Wednesday to post third-quarter earnings of $1.16 a share on revenue of $16.9 billion.
After the closing bell, reports are expected from
The earnings calendar Wednesday also includes
Bank of New York
Check Point Software
First Cash Financial Services
Knight Capital Group
St. Jude Medical
, the world's biggest semiconductor maker, topped lowered expectations in its third quarter but said Tuesday it continues to see weak demand across the globe.
, the biggest supplier of equipment to semiconductor manufacturers, offered to buy
for about $2.55 billion in cash and stock.
is preparing to name a new CEO as soon as this month to succeed Joseph Saunders, who is expected to retire from the company when his contract expires in March,
The Wall Street Journal
reported, citing people familiar with the process.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here:
>To submit a news tip, send an email to:
Copyright 2012 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.