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US Stock Futures Rise After Upbeat Apple Results

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US stock futures are higher this morning, after upbeat earnings from Apple (NASDAQ: AAPL). Futures for the Dow Jones Industrial Average surged 19 points to 15,532.00 and S&P 500 index futures rose 3.10 points to 1,691.40. Nasdaq 100 futures gained 24.50 points to 3,050.50.

US stocks closed mostly lower on Tuesday, with the Dow Jones Industrial Average rising 0.14% to 15,567.74, the S&P 500 index dropping 0.19% to 1,692.39 and the Nasdaq 100 index falling 0.59% to 3,579.27.

The MBA purchase applications index will be released at 7:00 a.m. ET, while the Markit PMI manufacturing index (flash) for July will be released at 8:58 a.m. ET. Data on new home sales for June will be released at 10:00 a.m. ET, while the EIA weekly report on petroleum inventories will be released at 10:30 a.m. ET.

Apple (NASDAQ: AAPL) reported stronger-than-expected fiscal third-quarter results.

Broadcom (NASDAQ: BRCM) issued weak revenue forecast for the third quarter.

Ford Motor Co (NYSE: F) is expected to report its Q2 earnings at $0.37 per share on revenue of $35.24 billion. Pepsico (NYSE: PEP) is projected to report its Q2 earnings at $1.19 per share on revenue of $16.79 billion. Facebook (NASDAQ: FB) is estimated to post its Q2 earnings at $0.14 per share on revenue of $1.62 billion. Visa (NYSE: V) is expected to post its Q3 earnings at $1.80 per share on revenue of $2.89 billion.

The Boeing Company (NYSE: BA) is projected to report its Q2 earnings at $1.58 per share on revenue of $20.78 billion. Caterpillar (NYSE: CAT) is expected to report its Q2 earnings at $1.70 per share on revenue of $14.92 billion. Eli Lilly and Company (NYSE: LLY) is projected to report its Q2 earnings at $1.00 per share on revenue of $5.82 billion. US Airways Group (NYSE: LCC) is projected to report its Q2 earnings at $1.51 per share on revenue of $3.84 billion.

Dr Pepper Snapple Group (NYSE: DPS) is estimated to report its Q2 earnings at $0.85 per share on revenue of $1.64 billion. Owens Corning (NYSE: OC) is projected to report its Q2 earnings at $0.69 per share on revenue of $1.44 billion. Reynolds American (NYSE: RAI) is estimated to report its Q2 earnings at $0.83 per share on revenue of $2.19 billion. Delta Air Lines (NYSE: DAL) is projected to report its Q2 earnings at $0.95 per share on revenue of $9.74 billion.

European markets were higher today. The STOXX Europe 600 Index rose 0.57%, London's FTSE 100 index gained 0.64%, French CAC 40 Index gained 0.80% and German DAX 30 index rose 0.50%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average falling 0.32%, China's Shanghai Composite dropping 0.52% and Australia's ASX/S&P500 rising 0.34%. Hong Kong's Heng Seng Index rose 0.24% and India's Sensex tumbled 1.05%.

 

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