“Tech giant Apple reported after Tuesday’s close that it posted third-quarter revenue that was far above expectations, helped by blockbuster sales of its iPhone and its Asian business,” Ryan Vlastelica reports for Reuters. “The stock gained 5.9 percent to $398.98 in premarket trading.”
Vlastelica reports, “S&P 500 futures rose 7.4 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 62 points and Nasdaq 100 futures rose 21.5 points.”
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