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October 23, 2021
BUSINESS

US Stock futures gain on robust earnings from Apple, GE

Dow Jones Industrial Average futures climbed 61 points to 12457, while Standard & Poor’s 500 stock index futures gained 8 points to 1336. Nasdaq 100 futures shot up 26 points to 2380. Changes in stock futures do not always accurately predict stock moves after the opening bell, according to Wall-Street Journal website. Shares of Apple surged 5.2 per cent in premarket trading after the company reported that quarterly profits nearly doubled as consumers snapped up iPhones.

General Electric Co.’s shares rose 2.8 per cent after the industrial conglomerate said its profit rose 77 per cent and boosted its dividend by a penny.  Morgan Stanley’s shares jumped 2.3 per cent before the bell after earnings beat Wall Street’s estimates, though revenue fell short of estimates. Shares of McDonald’s Corp.’s fell by a fraction after the fast-food giant beat analyst estimates.

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