Stock futures were mixed ahead of the open, with Nasdaq futures rising after strong earnings from Apple boosting the technology sector. The Dow and S&P 500 futures were both lower.
With little economic data released early this week, investors have focused on earnings. The overall picture has been positive. Apple blew past expectations on strong sales. Yahoo also delivered earnings that beat expectations, but its sales came in below estimates. Elsewhere, McDonald’s, Morgan Stanley and Boeing also exceeded estimates. Other companies reporting throughout the day include: Abbott Labs, Lockheed Martin, Moody’s, AT&T, Wells Fargo, and Starbucks. Earnings will remain the focal point again today since there are no economic releases scheduled.
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