Thursday, October 23, 2014

News
Futures propelled by strong US corporate earns


NEW YORK (AP) — U.S. stock futures are again being driven higher by a steady stream of companies exceeding Wall Street's quarterly earnings expectations.

After a big earnings beat by Apple late Tuesday, Sprint Nextel, Northrop Grumman, Procter & Gamble and Ford are doing the same Wednesday.

Dow Jones industrial futures are up 20 points to 14,664. The broader S&P futures have added 2.1 points to 1,575.70. Nasdaq futures are up 5 points to 2,828.

The one thing outside of corporate earnings that may sway markets is a report from the Commerce Department on durable goods orders. Most economists expect business trimmed orders for long-lasting U.S. factory goods in March.

But that follows a huge surge in the prior month and some economists see the dip as temporary.