US Stock Futures Rise After Upbeat Apple Results

US stock futures are higher this morning, after upbeat earnings from Apple 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 AAPL reported stronger-than-expected fiscal third-quarter results. Broadcom BRCM issued weak revenue forecast for the third quarter. Ford Motor Co F is expected to report its Q2 earnings at $0.37 per share on revenue of $35.24 billion. Pepsico PEP is projected to report its Q2 earnings at $1.19 per share on revenue of $16.79 billion. Facebook FB is estimated to post its Q2 earnings at $0.14 per share on revenue of $1.62 billion. Visa V is expected to post its Q3 earnings at $1.80 per share on revenue of $2.89 billion. The Boeing Company BA is projected to report its Q2 earnings at $1.58 per share on revenue of $20.78 billion. Caterpillar CAT is expected to report its Q2 earnings at $1.70 per share on revenue of $14.92 billion. Eli Lilly and Company LLY is projected to report its Q2 earnings at $1.00 per share on revenue of $5.82 billion. US Airways Group LCC is projected to report its Q2 earnings at $1.51 per share on revenue of $3.84 billion. Dr Pepper Snapple Group DPS is estimated to report its Q2 earnings at $0.85 per share on revenue of $1.64 billion. Owens Corning OC is projected to report its Q2 earnings at $0.69 per share on revenue of $1.44 billion. Reynolds American RAI is estimated to report its Q2 earnings at $0.83 per share on revenue of $2.19 billion. Delta Air Lines 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%.