Stock futures inched lower as earnings season gained steam and Wall Street looked ahead to more key financial reports on Wednesday.Wall Street continued to assess the impact of the ongoing Israel-Hamas war. Traders also parsed through third-quarter earnings reports, including results from financial institutions such as
While the earnings season may only be in its early innings, 83% of companies have so far topped earnings expectations, while about 70% have surpassed sales estimates, according to FactSet data."It's not a surprise that profits are likely to surpass analysts' estimates" given that companies face an already-low bar, said Anthony Saglimbene, chief market strategist at Ameriprise Financial.
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