Delta Air Lines, meanwhile, is scheduled to post its latest results Thursday. Investors are going into this earnings season with low expectations. S & P 500 earnings are expected to have fallen by 5.2% year over year, according to Refinitiv. On top of that investors are already feeling nervous about a weakening U.S. economy ahead of the reports. Take a look at CNBC PRO's breakdown of what's expected from each report.
However, Bespoke Investment Group noted that the stock is typically flat on earnings days. Wells Fargo is set to report earnings before the bell. Corporate leadership is slated to hold a call at 10 a.m. ET. Last quarter: WFC rose even as the bank's profits were cut in half by higher reserves and settlement costs . This quarter: Wells Fargo's earnings per share are expected to have jumped by nearly 30% in the previous quarter, per Refinitiv.