Overnight S&P 500 futures gained 11.5 points to 1373.50, Dow futures gained 97 points, and NASDAQ futures rose 23.50 points to 2642.00.
So far, of the 385 companies in the S&P 500 that have reported earnings, 67 have beat expectations. In my opinion, this is insignificant due to analysts’ lowball earnings expectations.
LinkedIn Corp. (LNKD) posted strong earnings last night, gaining over 8% in after hours trading. They reported stronger than expected earnings as well as a strong guidance.
Knight Capital Group (KCG) had a terrible day yesterday, falling 63% after an algo meltdown expected to cost the company roughly $440 million.
EUR/USD futures (6EU2) rose 88 pipps after news that the ECB would not take immediate action settled in. 6E was trading at $1.2268 this morning.
David Cornes holds a degree in economics from the University of Montana.
