US Stock Futures Up After Upbeat Earnings From Apple

US stock futures are higher this morning, after strong earnings from Apple Inc AAPL. Futures on the Dow Jones Industrial Average surged 37 points to 12,544.00 and futures on the S&P 500 stock index rose 5.20 points to 1,326.40. Nasdaq 100 futures gained 19.25 points to 2,408.25. US stocks closed higher on Tuesday, with the Dow Jones industrial average surging 1.63% to 12,587.42, the broader Standard & Poor's 500 index gaining 1.63% to 1,326.73 and the NASDAQ composite index jumping 2.22% to 2,826.52. Data on existing home sales will be released at 10 a.m. ET. American Express Company AXP is projected to report its Q2 EPS at $0.98 on revenue of $7.35 billion. Altria Group Inc MO is expected to report its Q2 EPS at $0.53 on revenue of $4.43 billion. QUALCOMM Incorporated QCOM is projected to report its Q3 EPS at $0.71 on revenue of $3.59 billion. Abbott Laboratories ABT is projected to report its Q2 earnings at $1.11 per share on revenue of $9.56 billion. eBay Inc EBAY is projected to report its Q2 EPS at $0.46 on revenue of $2.61 billion. AMR Corporation AMR is estimated to post a Q2 loss at $0.75 per share on revenue of $6.12 billion. Intel Corporation INTC is projected to report its Q2 EPS at $0.51 on revenue of $12.82 billion. Seagate Technology Plc STX is expected to report its FQ4 EPS at $0.24 on revenue of $2.70 billion. Johnson Controls Inc JCI is expected to report its Q3 EPS at $0.53 on revenue of $9.54 billion. Shares of Apple Inc surged more than 4% in pre-market trading after the company reported upbeat quarterly results. Apple sold 20.34 million iPhones during the quarter, versus an estimated 17 million to 18 million. Apple's net income in the fiscal third quarter surged to $7.31 billion, or $7.79 per share, from $3.25 billion, or $3.51 per share, in the year-ago period. Its revenue jumped 82% y/y to $28.6 billion, from $15.7 billion. Analysts were expecting earnings of $5.82 per share on revenue of $24.8 billion. Shares of Yahoo! Inc YHOO dropped about 1.4% in pre-market trading after the company reported its Q2 net income at $237 million, or $0.18 per share, up from $213 million, or $0.15 per share, in the year-ago quarter. Its search revenue dropped 45% year-over-year to $467 million. Yahoo's net revenue came in $1.1 billion, versus $1.13 billion, in the year-ago period. Asian markets ended mixed, with Japan's Nikkei Stock Average surging 1.41%, Australia's S&P/ASX 200 moving up 1.7403% and China's Shanghai Composite dropping 0.10%. Hong Kong's Hang Seng Index rose 0.4625% and India's Sensex dropped 0.91%. European markets were higher today. The STOXX Europe 600 Index has gained 0.41%, London's FTSE 100 Index moved up 0.85%, German DAX 30 index rose 0.20% and France CAC 40 index rose 0.64%. Oil futures gained $1.02 to $98.52 a barrel in electronic trade on the New York Mercantile Exchange (NYMEX). Gold futures declined $14.10 to trade at $1,587 an ounce. The US dollar dropped against major rivals. The euro gained 0.4% against the dollar to trade at $1.4213. The dollar declined 0.3% against the Japanese yen to trade ¥78.95.