Market Insider

It's the central bankers vs. earnings

Traders work on the floor of the New York Stock Exchange.
Lucas Jackson | Reuters

Central bankers compete with earnings headlines Thursday, and the earnings may actually be packing more surprises.

European Central Bank President Mario Draghi holds a news briefing at 8:30 a.m. ET following the ECB's rates meeting, while Fed Chair Janet Yellen heads to Capitol Hill for a second day of testimony Thursday afternoon.

So far, just a handful of companies have reported, but Wednesday's after-the-bell reports could bring a positive tone to morning trading as both Intel and Netflix gained in after-hours trade on positive surprises.