“About 90 minutes ahead of the open, Dow Jones Industrial Average futures shot up 193 points, or 1.5%, to 13220,” Kilgore reports. “Standard & Poor’s 500-stock index futures climbed 26 points, or 1.8%, to 1446 and Nasdaq 100 futures powered up 53 points, or 2%, to 2708. Changes in stock futures don’t always accurately predict stock moves after the opening bell.”
Kilgore reports, “European markets rallied sharply, with the Stoxx Europe 600 up 1.9% and on track for the highest close since February 2011, as the U.S. budget deal overshadowed some disappointing economic data. Among regional markets, Germany’s shot up 2.2% to a five-year high and the U.K.’s FTSE 100 climbed 2.3% to a 1 1/2-year high… Apple climbed 2.8% ahead of the open, after running up 4.4% on Monday.”
Read more in the full article here.