If it holds through tomorrow's open that is over 60 DJIA points.
From Investor's Business Daily:
5:38 PM ET
Dow Jones futures rose late Tuesday, along with S&P 500 futures and Nasdaq futures, with Apple stock fueling gains. Apple earnings headlined a huge night for tech results, with Advanced Micro Devices (AMD), Amgen (AMGN), Illumina (ILMN) and eBay (EBAY) also reporting. Apple (AAPL), AMD stock and eBay stock rose late. Amgen stock and Illumina stock lost ground.
Dow Jones Futures Today
Dow Jones futures rose 0.4% vs. fair value. S&P 500 futures climbed 0.5%. Nasdaq 100 futures popped 0.85%. Apple stock is a member of the Dow Jones, S&P 500 index and Nasdaq composite. AMD stock, Amgen stock, Illumina stock and eBay stock are all S&P 500 and Nasdaq components. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular session.
Stock Market Rally Update
The stock market rally continues to consolidate, with the Dow Jones, S&P 500 index and Nasdaq composite pulling back Tuesday but holding above their 50-day moving averages. Tech giants such as Microsoft (MSFT), Amazon.com (AMZN) and Facebook (FB) struggled, while some top software stocks outpaced the market decline. Microsoft, Amazon and Facebook earnings are due later this week.
China trade talks kick off in Washington, D.C., on Wednesday. Hopes for a China trade deal have been a huge driver of the stock market rally. Another stock market catalyst has been a less-hawkish Federal Reserve. The first 2019 Fed meeting ends Wednesday with no expectation of a Fed rate hike. The real question is what policymakers may say about possibly curbing or ending the Fed's quantitative tightening policy of letting its balance sheet wither.
Apple Earnings Good Enough For Apple Stock
Apple earnings rose 7% to $4.18 a share, up 7% vs. a year earlier and 1 cent above fiscal Q1 views. Revenue fell to $84.3 billion, narrowly topping lowered estimates. Services revenue climbed 19% to $10.9 billion.
Apple sees fiscal Q2 revenue at $55 billion to $59 billion, with the $57 billion midpoint well below the consensus for a 4% drop to $58.83 billion.....MORE
Apple stock leapt 6% in late trading, as the Apple earnings report and guidance weren't worse than expected....
So much for that 'Soft bigotry of low expectations' theory.
