Any miss in Q3 result may lead to a correction in the market, analysts say. Staggered investments should be considered as an optimal strategy, they say
Analysts believe that any breather ahead of Q3 results should be considered as a buying opportunity instead of a negative trend
So far, more than 10 percent of S&P 500 companies mostly from the financials, technology, consumption and industrial sectors have reported earnings.
Asian equities closed higher, boosted by a positive reaction from Wall Street overnight to the release of Federal Reserve's October meeting minutes that signaled a likely interest rate hike in December.
Seth R Freeman of EM Capital Management that a lot are now looking at rate increases in Q3 of next year while until today, most were thinking it to be during midyear.
Copper futures fall to 2-week low after China CPI, FOMC minutes
In addition, the intense, taper-related scrutiny of the jobs market will give Thursday's initial jobless claims data an added importance.
The US equity markets recovered in late trade on Wednesday on hopes on Fed stimulus. Federal Open Market Committee (FOMC) minutes indicated increasing support for additional easing yesterday.
The Dow Jones Industrial Average ended up 21 points at 11691; the Nasdaq Composite was down 10 points at 2681 and S&P 500 down 2 points at 1270.