On Wednesday, the Street will be on alert for news out from Tesla, VMWare and Cheesecake Factory, among others.
Out of the raft of corporates reporting, investors also parsed through results from Coca-Cola Company, Boeing, GlaxoSmithKline, NBC Universal parent company Comcast and Biogen. Boeing shares jumped nearly 4 percent in the premarket, helping Dow futures ease some of their earlier losses.
While earnings are expected to be the talk of the town, economic data releases could also move markets. On Wednesday, U.S. trade deficit numbers and Markit flash US services PMI are due out at 8:30 a.m. ET and 9:45 a.m. ET, respectively, while new home sales are expected at 10 a.m. ET. Mortgage Applications fell 4.1 percent last week.
Meanwhile, the topic of oil remains on the table with prices falling on Wednesday, as concerns over a global supply glut continue to resurface. Around 7:36 a.m. ET, U.S. crude stood around $49.19 per barrel, while Brent hovered around $49.97.