Updated from 8:59 a.m. EDT

(At 4 p.m. EDT)

Earnings Fallout Coming Wednesday

The top headline on Wednesday will surely be the Securities and Exchange Commission's decision on exactly what to do with the uptick rule. As the meeting is not scheduled to start until 10 a.m. EDT, traders will likely spend much of the morning focusing on earnings.

Unfortunately, there's nothing sexy about the earnings reports due out tonight or tomorrow morning. Alcoa ( AA), Bed Bath & Beyond ( BBBY) and Ruby Tuesday ( RT) are among the few companies reporting after Tuesday's closing bell.

Wednesday's premarket session will bring the latest quarterly reports from Constellation Brands ( STZ) and Family Dollar ( FDO). Like I said, there's nothing really all that exciting.

The economic calendar won't do much to invigorate traders either. At 2 p.m. EDT, the Federal Reserve will offer up the minutes from its two-day meeting in March. Aside from that and the weekly oil inventory numbers, the February read on wholesale inventories, due at 10 a.m. EDT, will be the only other report delivered to investors.

To be honest, the rest of the week is a real yawner, courtesy of the Good Friday holiday. Better get your rest, though. Next week marks the start of the earnings rush, when heavyweights like Goldman Sachs ( GS), Intel ( INTC), Johnson & Johnson ( JNJ), JPMorgan Chase ( JPM) and Citigroup ( C) are set to report.

A Look Back at Tuesday

The sporting activities industry was among the worst laggards of Tuesday's down market, pressured by a 23.8% drop in International Speedway ( ISCA). The motorsports promoted saw shares plummet Tuesday after cutting its full-year adjusted profit and revenue forecast due to the weakening economy.

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