Stock futures little changed as earnings season kicks off

|By:, SA News Editor

Stocks look to open on a cautious note as S&P and Dow futures trade flat, but Nasdaq (+0.2%) signals a higher open after facing aggressive selling pressure over the past three sessions.

Asian markets ended mixed, with the Shanghai composite sharply higher following a long weekend, while major European bourses trade lower across the board.

Alcoa will kick off Q1 earnings season after the close today, with JPMorgan Chase and Wells Fargo on Friday and reports coming in full force next week.

Some observers believe the market has now mostly priced in a lackluster earnings season following a weather-related slowdown, perhaps setting up a situation where the bar is low enough that it won't be hard to beat expectations.

The benchmark 10-year Treasury yield is up one basis point to ~2.71%.