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US stock futures buoyed by strong earnings data
Posted: Apr 25, 2012 6:18 AM by Associated Press (MM)
NEW YORK (AP) - Solid earnings reports are lifting U.S. stock market futures after boosting stocks around the world.
Dow Jones industrial average futures are up 0.29 percent at 12,996. Standard & Poor's 500 futures are gaining 0.63 percent to 1,378.80 and Nasdaq 100 futures are up 2.02 percent at 2,685.75.
Nasdaq is getting a big boost from Apple Inc., whose second quarter results topped Wall Street expectations as iPhone sales soared.
In Europe, Germany's DAX is up 1.3 percent at 6,678 while France's CAC-40 rose 1.8 percent to 3,225. London's FTSE 100 is gaining 0.78 percent to 5,709.
Strong earnings reports from Boeing, Caterpillar, Delta Air Lines and Harley-Davidson will likely help fuel markets. Traders will also look to the Federal Reserve, where policymakers are meeting to set interest rates.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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