Apple, Boeing are leading the way
The US major stock indices are set to open higher. Apples earnings exceeded expectations. There stock is trading higher in the premarket. Boeing's earnings this morning did not beat. In fact, they showed the 1st annual loss since 1997 for the company. However, the market is looking forward to better things ahead.
The futures are implying:
- S&P up 13.5 points
- Dow up 170 points
- NASDAQ up 47 points
in other markets
- spot gold remained steady at up $2.80 or 0.18% at $1569.97
- WTI crude oil futures after running higher on reports of a bombing in Saudi Arabia has rotated back down. The current price is trading at $53.73. The high price reached $54.37. The low price extended to $53.47. At 10:30 AM ET the weekly inventory data will be released. The private data showed a sharp drawdown of 4270M. The expectations call for a build of 1290K.
