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 16,998.75 16.16 0.10%
Nasdaq 4,457.47 12.56 0.28%
S&P 500 1,979.37 0.46 0.02%
Treasuries 2.48 -0.01 -0.60%
Data as of 1:18pm ET
Company Price Change % Change
Frontier Communicati... 6.73 0.79 13.30%
Windstream Holdings ... 11.95 1.42 13.49%
AT&T Inc 36.76 1.11 3.11%
CenturyLink Inc 39.54 1.83 4.85%
Apple Inc 98.54 -0.48 -0.48%
Data as of 1:05pm ET
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