What goes up must come down... or at least that's how the saying goes.
Here are five things you need to know before the opening bell rings in New York:
Shares in Time Warner ( -- which owns CNNMoney -- could also be on the move after its )quarterly results impressed investors.
2. Earnings: Some of the big names reporting earnings before the opening bell include AOL (Tech30), , AstraZeneca (, )Cablevision (, and )DirecTV (. )Walt Disney ( and )Zynga ( will post after the close. )
In Europe, investors will be parsing through earnings from Adidas (, )Commerzbank (, )Siemens ( and fashion brand )Hermes (. )
3. Oil: OPEC will present its World Oil Outlook at 8:30 a.m. ET. Traders are hoping it will give more insight into long term plans for oil production and prices.
4. Economics: There's a focus on U.S. jobs this morning. The U.S. government will post weekly jobless claims at 8:30 a.m. ET. The Challenger Job Cuts report for October will also be out at 7:30 a.m.
Central banks are also top of mind: Traders are waiting on the European Central Bank to issue its latest monetary policy decision at 7:45 a.m ET and hold a news conference at 8:30 a.m.
The Bank of England will also issue its policy decision this morning.
5. International markets overview: All the major European markets were declining in early trading.
Asian markets mostly closed in the red.