Stocks: Positive start to earnings season

January 9, 2013: 8:38 AM ET
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NEW YORK (CNNMoney)

Trading could be quiet on Wednesday, as investors wait for more corporate earnings to confirm a positive start to the reporting season.

U.S. stock futures pointed to a flat open.

Aluminum producer Alcoa (AA) became the first Dow component to report fourth-quarter results after the bell on Tuesday, posting earnings in line with expectations but better-than-expected sales. The news sent shares of the company nearly 2% higher in premarket trading.

Shares of wireless broadband provider Clearwire (CLWR) surged in after-hours trading Tuesday on news that Dish Network (DISH) had offered to buy the company, kicking off a takeover battle with Sprint (S). Shares of sprint were down nearly 3% in premarket trading.

However, U.S. stocks fell for the second day in a row on Tuesday, as investors cautiously braced for Corporate America to start reporting quarterly earnings.

Fear & Greed Index

European markets were slightly higher in afternoon trading, while Asian markets ended mixed. The Shanghai Composite closed even on the day, while the Hang Seng added 0.5% and Japan's Nikkei advanced 0.7%.

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Index Last Change % Change
Dow 17,004.69 -34.80 -0.20%
Nasdaq 4,539.51 7.41 0.16%
S&P 500 1,988.59 -3.78 -0.19%
Treasuries 2.40 -0.00 -0.17%
Data as of 3:56pm ET
Company Price Change % Change
Bank of America Corp... 16.14 -0.02 -0.12%
Apple Inc 101.25 0.67 0.67%
Salesforce.com Inc 60.15 4.44 7.97%
Facebook Inc 74.57 0.00 0.00%
Cisco Systems Inc 24.68 -0.21 -0.84%
Data as of 3:41pm ET
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