Stocks: 5 things to know before the open

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Earnings season started off slow, but now the quarterly reports are coming in thick and fast.

Here are the five things you need to know before the opening bell rings in New York:

1. Earnings season: Several corporate giants including Wells Fargo (WFC), Bank of America (BAC), Delta (DAL) and BlackRock (BLK) will post earnings before the opening bell.

Netflix (NFLX) is reporting after markets close this afternoon.

Shares in Intel (INTC) and JP Morgan (JPM) look set to dip at the open after the firms reported earnings on Tuesday afternoon.

Intel reported that third quarter sales were essentially unchanged compared to the same period last year, and earnings declined by about 6%. But the results still beat Wall Street expectations.

Meanwhile, JP Morgan results showed revenue slipped by 6% as it was hit by a double whammy last quarter: the Federal Reserve kept interest rates low and chaos slammed the financial markets.

Related: Fear & Greed Index

2. Market overview: U.S. stock futures are holding steady, while stock markets in Europe and Asia move into negative territory.

Mike van Dulken, head of research at Accendo Markets, said you can blame the negative market mood on China, which released weak inflation data.

The U.S. dollar is weakening a bit, while the Aussie dollar is pushing up versus all major global currencies.

Yields on 10-year government bonds are dipping around the world, except in Greece and Portugal where they are inching up.

Oil prices are steady around $46.70 per barrel, and gold is rising by about 0.7% to trade around $1,174 per ounce.

Related: China expected to post worst growth since 2009

3. Stock market movers -- SanDisk, Micron: SanDisk (SNDK) shares are rising by nearly 10% premarket after Bloomberg reported the chipmaker could be in merger talks with Micron (MU) and Western Digital. Micron's shares were also up 3% in extended trading.

Related: Investors give Fed a 'C' grade

4. Economics: The Bureau of Labor Statistics will post September's producer price index at 8:30 a.m. ET. Investors watch the index for clues about where inflation is headed.

The Census Bureau's monthly retail sales report also goes out at 8:30 a.m.

At 2 p.m., Wall Street will look for the Federal Reserve's latest "Beige Book." The report outlines regional economic conditions.

5. Daily market recap: Tuesday was a negative day with the Dow Jones industrial average declining by 0.3%, the S&P 500 shedding 0.7% and the Nasdaq losing 0.9%.
But investors cheered a big takeover deal between beer brewers Anheuser-Busch InBev (BUD) and SABMiller (SBMRY).

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