Of course, that huge gain is leading NASDAQ futures higher – up 2% at the moment. S&P and DJIA futures are experiencing more modest gains, up 0.7% and 0.3%, respectively. Markets are likely to hold this pattern ahead of the Federal Reserve announcement and press conference later today.
In other futures markets, Crude Oil is seeing a bullish day ahead of weekly inventories at 10:30 a.m. ET. Crude futures are currently up 0.9%. Natural Gas is also higher, trading at $2.000 and up 1.3% on the session.
Treasury futures are slightly lower. The 30-year bond futures dropped 0.3% and the 10-year note futures are down 0.2%. The US$ is modestly lower as well. EUR/USD is holding above figure 1.32, while other European currencies gained as well. USD/JPY is unchanged at 81.25.
Here’s a run-down of companies that reported since yesterday’s close, where EPS was in relation to expectations, and where the stocks are trading premarket:
– Boeing (BA): $1.11 vs. $0.95; up 2.5%
– Caterpillar (CAT): $2.37 vs. $2.15; down 1.1%
– Credit Suisse (CS): $0.03 vs. -$0.18; down 3.3%
– Panara Bread (PNRA): $1.40 vs. $1.35; up 3.2%
– Baidu (BIDU): $0.85 vs. $0.85; down 6%