The flood of financial earnings continues Wednesday, with Bank of America, Morgan Stanley, US Bancorp, and State Street headlining ahead of the opening bell. Also watch for results from a pair of Dow members: health care heavyweights UnitedHealth Group and Procter & Gamble. In the afternoon investors will focus on United Airlines and Discover Financial Services. , the Commerce Department is expected to say that the number of new homes under construction in December fell 1.
In Asia, Japan’s benchmark Nikkei 225 dropped 2.8% to its lowest level since August, Hong Kong’s Hang Seng added 0.1% and China's Shanghai Composite lost 0.3%.
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