Baidu (BIDU), however, had the opposite reaction following its earnings report today. The company warned that second quarter revenue will be below analysts’ expectations, sending the stock immediately into the dog house. Shares fell 10% after-hours, following a drop of 2.7% during today’s session.
Aflac (AFL) also reported earnings today, beating expectations and leading shares to rise nearly 5%. That stock was up 1.5% today.
In total, we should expect NASDAQ futures to move higher, as AAPL is heavily weighted in that index. Further, the rising tide will likely life all boats, leading to gains in DJIA and S&P futures by morning. From there, the typical correlations should play – EUR/USD higher, Crude Oil up, and Gold higher as well. But, I suppose Europe could always play its part to cut into this momentum.