Market Optimism Could Temper Amid Mixed Earnings News
The major U.S. index futures are pointing to a higher opening on Wednesday, with sentiment mildly positive following the release of some mixed earnings news. While tech earnings have been mixed, earnings from Boeing, Pepsi and some defense contractors have been positive. Geopolitical tensions could escalate following a pause yesterday, as reports emerged that fresh fighting picked up pace in the rebel controlled region in Ukraine. With limited economic catalysts to sway to, the markets could go about a consolidation move as they digest the mixed earnings catalyst.