Why Tomorrow Will Be a Day of Reckoning for the Stock Market

Why Tomorrow Will Be a Day of Reckoning for the Stock Market

Tuesday was a generally upbeat day on Wall Street, although the Dow Jones Industrial Average (DJINDICES: ^DJI) failed to keep up with its broader index peers. The S&P 500 (SNPINDEX: ^GSPC) hit new all-time highs, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) made more progress toward getting back to its high-water mark. Investors have waited to see confirmation of those gains in earnings, and on Wednesday, they'll get their first helping of first-quarter earnings releases from major banking institutions.