US Stock Futures Gain After Strong Apple Results - Apple (NASDAQ:AAPL)

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Pre-open moversUS stock futures traded higher in early pre-market trade, ahead of earnings from McDonald's (NYSE: MCD) and Coca-Cola Co (NYSE: KO). Apple (NASDAQ: AAPL) reported better-than-expected quarterly results. Data on existing home sales for September will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average jumped 62 points to 16,393.00, while the Standard & Poor's 500 index futures rose 11 points to 1,910.90. Futures for the Nasdaq 100 index climbed 28 points to 3,894.00.

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A Peek Into Global Markets European markets were higher today, with the Spanish Ibex Index gaining 1.91%, STOXX Europe 600 Index rising 1.36%. German DAX 30 index climbed 1.45%, French CAC 40 Index rose 1.81% and London's FTSE 100 Index climbed 0.84%.In Asian markets, Japan's Nikkei Stock Average fell 2.03%, Hong Kong's Hang Seng Index rose 0.08%, China's Shanghai Composite Index dropped 0.72% and India's BSE Sensex gained 0.55%. China's gross domestic product increased 7.3% y/y in the third-quarter, while industrial output surged 8% y/y in September. The country's retail sales climbed 11.6% y/y in September. Broker Recommendation

Analysts at Morgan Stanley maintained Apple (NASDAQ: AAPL) with a Overweight and raised the price target from $110.00 to $115.00.Apple's shares gained 2.15% to $101.90 in pre-market trading.Breaking news

Lexmark International (NYSE: LXK) reported better-than-expected profit for the third quarter. To read the full news, click here.
Inovio Pharmaceuticals (NASDAQ: INO) announced today the Defense Advanced Research Projects Agency (DARPA) has awarded $12.2 million for a collaborative study that will be conducted by scientists from the Perelman School of Medicine at the University of Pennsylvania; Inovio Pharmaceuticals; and MedImmune, the global biologics research and development arm of AstraZeneca. To read the full news, click here.
Apple (NASDAQ: AAPL) reported strong earnings and revenues, with earnings per share of $1.42 on revenue of $42.1 billion, handily beating expectations of $1.31 and $40 billion, respectively. To read the full news, click here.
DISH Network (NASDAQ: DISH) announced that Monday night Turner Networks removed Boomerang, Cartoon Network, CNN, CNN en Español, HLN, truTV and Turner Classic Movies from the DISH programming lineup. To read the full news, click here.