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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Markets
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Index Last Change % Change
Dow 17,121.21 90.07 0.53%
Nasdaq 4,535.79 16.89 0.37%
S&P 500 1,996.48 12.35 0.62%
Treasuries 2.57 -0.02 -0.77%
Data as of 12:16pm ET
Company Price Change % Change
Apple Inc 100.21 -1.42 -1.40%
Bank of America Corp... 16.74 0.00 0.00%
Yahoo! Inc 42.55 0.00 0.00%
Facebook Inc 75.52 0.94 1.27%
Alcoa Inc 16.35 -0.04 -0.24%
Data as of 12:00pm ET