There should be more zing in Wednesday's trading as traders return from the Veterans Day holiday, and the U.S. bond market gets back to work. But it could also be the first down day in six for the Dow and S&P 500, as U.S. futures come under pressure this morning.
Sentiment was soured in part by the global banking sector after a group of banks agreed to pay fines to U.S., British and Swiss regulators of about $3.4 billion to resolve allegations that they worked together to manipulate currency. J.P. Morgan and Citigroup were among the banks. J.P. Morgan was slightly lower.
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Earnings from Macy's could help put the early focus on consumers ahead of Wednesday's opening bell. There are also earnings expected from Burberry, Beazer Homes, SeaWorld, Pinnacle Foods and EnCana. After the bell reports are expected from Cisco, JC Penney, NetApp, HubSpot, Cyber Ark Software and Amerigas. Twitter also holds an investor day from noon to 7 p.m. ET.
Wholesale trade data is released as 10 a.m., and the Treasury auctions $24 billion 10-year notes. The bond market was closed Tuesday.