After another record close for the Dow yesterday, less than 8 points to go to the 12,000 level. But will today be the day?

No less than five Dow components are due to report earnings before the market opens and finally today the market will also hear the results of the long awaited OPEC meeting.

Oil prices rose slightly this morning as the possible outcome of the OPEC meeting is to cut of 1 million barrels a day in an attempt to prop oil prices higher. In July oil prices peaked at $78 a barrel and declined 25% since. This would be the first cut since December 2004 when oil was around $40 a barrel. Apparently there is consensus among the member nations for the move, but a detailed arrangement hasn't been reached.

Yesterday, after the bell, after Apple Computer, Inc. (NASDAQ: AAPL) topped expectation, eBay Inc. (NASDAQ: EBAY) reported good results that also beat some expectations, but Advanced Micro Devices, Inc. (NYSE: AMD) improvement wasn't enough.

This morning we have five Dow components reporting:

• Citigroup Inc. (NYSE: C) - third-quarter profit fell 23% but operating earnings climbed 6%. However, the earnings decline wasn't as bad as analysts had feared.
• Coca-Cola Co. (NYSE: KO) - third-quarter net income rose to $1.46 billion, or 62 cents a share, from $1.28 billion, or 54 cents a share, a year ago. Analysts were expecting 59 cents per share.
• Pfizer, Inc. (NYSE: PFE) - third quarter earnings of $3.36 billion, or 46 cents per share, compared with $1.59 billion, or 22 cents per share, a year earlier.
• Honeywell International Inc. (NYSE: HON) and McDonald's Corp (NYSE: MCD) are also due to report soon

Banc of America Corp (NYSE: BAC) also reported third-quarter results with net income rising to $5.42 billion, or $1.18 a share, in the latest quarter, compared with $3.84 billion, or 95 cents a share, the year earlier. Results beat expectations of $1.15 EPS on revenue of $17.97 billion.

Overseas, Nokia Corp (NYSE: NOK), SAP (NYSE: SAP) and Sony Corp (NYSE: SNE) also reported earnings.

Finally, Google, Inc. (NASDAQ: GOOG) is to report its third-quarter earnings after the bell today.

In economic news, weekly initial claims is due at 8:30 (expected - an addition of 310,000), September leading indicators at 10:00 a.m. (expected - 0.3% rise) and October Philadelphia Fed Index at noon (expected - 6.5 increase).

Yesterday, bonds rose, with the yield on the benchmark 10-year Treasury falling to 4.76% from 4.77% late Tuesday. Treasury prices were little changed this morning.

Overseas, Asian markets closed mostly lower. European markets are also lower at the moment.

Futures are mixed in early morning trade (8:00 a.m.), pointing to a higher start for the S&P 500 and a lower start for the NASDAQ.