US Stock Futures Up After Strong Tech Sector Earnings; Intel ,Yahoo Shares Rise In Pre-Market Trading

US stock futures are higher this morning, after strong earnings from the technology sector. Futures on the Dow Jones Industrial Average gained 109 points to 12,335.00 and futures on the S&P 500 stock index rose 15.20 points to 1,323.80. Nasdaq 100 futures surged 26.75 points to 2,337.75. On Tuesday, the Dow Jones industrial average gained 0.53% to 12,267, the Standard & Poor's 500 Index rose 0.57% to 1,313 and the Nasdaq Composite Index gained 0.35% to 2,745. Data on existing-home sales will be released after the opening bell. Apple Inc AAPL is projected to report its Q2 EPS at $5.35 on revenue of $23.27 billion. Marriott International Inc MAR is projected to post its Q1 earnings at $0.27 per share on revenue of $2.87 billion. AT&T Inc T is estimated to post its Q1 earnings at $0.57 per share on revenue of $31.27 billion. American Express Co AXP is projected to report its Q1 EPS at $0.92 on revenue of $6.98 billion. Wells Fargo & Co WFC is estimated to post its Q1 EPS at $0.66 on revenue of $21.24 billion. Yum Brands Inc YUM is expected to report its Q1 earnings at $0.64 per share on revenue of $2.39 billion. United Technologies Corp UTX is projected to post its Q1 earnings at $1.07 per share on revenue of $12.83 billion. Shares of Intel Corp INTC surged about 6.2% in pre-market trading after the company reported its Q1 profit at $3.2 billion, or $0.56 per share, up from $2.4 billion, or $0.43 per share, in the year-ago period. The company's adjusted income came in at $0.59 per share. INTC's revenue surged 25% y/y to $12.85 billion. However, analysts were expecting earnings of $0.46 per share on revenue of $11.6 billion. The company projects Q2 revenue of $12.3 billion to $13.3 billion, versus analysts' estimates of $11.87 billion. Shares of Yahoo! Inc YHOO jumped about 7% in pre-market trading after the company reported its Q1 net income at $223 million, or $0.17 per share, down from $310.2 million, or $0.22 per share, in the year-ago period. The company's net revenue dropped 6% to $1.06 billion. Excluding impairment charge of $0.02 per share, the company's earnings came in at $0.19 per share. However, analysts were expecting earnings of $0.16 per share on revenue of $1.05 billion. Asian markets ended higher, with Japan's Nikkei Stock Average gaining 1.76%, Australia's S&P/ASX 200 rising 1.35% and China's Shanghai Composite gaining 0.27%. Hong Kong's Hang Seng index rose 1.60%. Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 1.39%, London's FTSE 100 Index moved up 2.12%. Crude oil for June delivery gained $1.41 to $109.70 a barrel in electronic trading on Globex. Gold for June delivery jumped $9.60 to $1,504.70 an ounce. The euro gained 1.1% to $1.4496 versus the dollar. The dollar index (DXY) fell 0.8% to 74.475. Read more from Benzinga's Markets.