Major stock markets on Wall Street traded lower in the premarket session on Wednesday, as investors look towards what the day’s batch of earnings reports will bring. Retailer Target and e-commerce company JD.com are set to unveil their quarterly earnings before the bell rings, while Cisco Systems will report its earnings as trade finishes. The Dow Jones was down 0.69% at 4:27 am ET, while the S&P 500 also dipped 0.84% concurrently. The Nasdaq 100 plummeted 1.24% at 4:28 am ET. Nick Note: I see this as a retest of the most recent bottom. I believe the recent buyers are major players and will not be easily shaken.