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First quarter numbers that will flood the market next week are largely baked into current stock prices and the pain trade is to the upside, one analyst said.
The major averages finished lower on Wednesday amid corporate profit worries.
U.S. stock futures were lower to start trading as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell.
Recession fears have weighed on investor sentiment this week and month.
Recession fears have weighed on investor sentiment this week and month.