US Markets

Retail earnings, banks in focus on Wall Street

Can Wall Street continue its record run?

Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.

Macy's gained in early New York trading after posting quarterly earnings that topped estimates, and revenue that missed.

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In addition, Twitter will host a financial analysts' day on Wednesday in San Francisco between 12 p.m. ET and 7 p.m. Speakers including CEO Dick Costolo and Chief Financial Officer Anthony Noto.

Citibank and JPMorgan Chase stocks will be worth a watch on Wednesday, after both U.S. and U.K. regulators hit the banks with penalties for alleged manipulation of the foreign exchange markets. U.K. banks RBS, HSBC and Barclays, and Switzerland's UBS will also be fined by both countries.

Read MoreWatchdogs impose $3.4B fines in bank forex probe

FX Probes: 'Heavy-handed' regulation

Also on Wednesday, Philadelphia Federal Reserve president Charles Plosser reiterated that the strong U.S. dollar and its ramifications was outside the Fed's remit.

"The Federal Reserve does not have a foreign exchange goal. I don't see it (a strong dollar) as a significant risk at this point," Plosser said at the UBS European Conference in London.

Read MoreFed's Plosser: Strong dollar no 'significant' risk

Wall Street trade was subdued on Tuesday, due to the Veterans Day holiday. However, market movement was sufficient to push both the Dow and the indexes up one point to record highs.

In other news, the U.S. and China unveiled long-term plans to curb emissions of carbon dioxide and other gases linked to climate change on Tuesday.