News Column

Futures Pointing To Modestly Higher Open On Wall Street

July 23, 2014

WASHINGTON (Alliance News) - After ending the previous session mostly higher, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 17 points.

A positive reaction to the latest batch of earnings new may contribute to some early strength on Wall Street, with shares of Microsoft (MSFT) climbing by 1.6% in pre-market trading.

The upward momentum for Microsoft comes after the software giant reported better than expected fourth quarter revenues, although its earnings for the quarter fell year-over-year.

Beverage and snack giant PepsiCo (PEP) has also moved notably higher in pre-market trading after reporting better than expected second quarter results despite a drop in North American carbonated drink sales.

Shares of Apple (AAPL) are showing a more modest move to the upside after the tech giant reported third quarter earnings that exceeded estimates but on revenues that were slightly shy of expectations. The company's fourth quarter revenue guidance was also a touch soft.

Boeing (BA), Delta Air Lines (DAL), Whirlpool (WHR), Dow Chemical (DOW), and Tupperware (TUP) are among the other well known companies that have recently reported their quarterly results.

While the earnings news may generate some buying interest, lingering geopolitical concerns may limit any early upside for the markets.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

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