Inflation data and a speech later this afternoon by Fed Chair Janet Yellen are the other key agenda items. Yellen is scheduled to speakon monetary policy and its tools in an address to the Commonwealth Club in San Francisco at 3 p.m. EST.Meanwhile, overseas, Japans Nikkei Stock Average, which had tanked on Tuesday in part due to a weaker dollar, posted moderate gains Wednesday as the dollar rebounded a bit. Getting back to earnings: C came in at $1.14 per share, beating the average Wall Street analyst estimate by two cents. However, C fell short of estimates on revenue. GS killed it on earnings, reporting $5.08 per share, vs. a $4.82 Wall Street estimate, and also easily beat top-line estimates. Trading results looked awesome, and GS is the bank most influenced by trading. In its press release, GS said bond-related trading soared 78% in Q4, and cited an environment generally characterized by improved market conditions, including rising interest rates and tighter credit spreads. Starting this afternoon, its on to other industries, with Netflix, Inc. (NASDAQ: NFLX ) today, International Business Machines Corp.
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