Futures higher after strong earnings reports

|By:, SA News Editor

The stock market looks to open slightly higher, as a round of strong earnings reports push the main benchmarks toward record levels; Dow +0.1%, S&P +0.2%, Nasdaq +0.3%.

Futures showed little reaction to news that two Ukrainian fighter jets were shot down near where the Malaysian Airlines passenger jet was downed.

Major European bourses trade higher across the board, while markets in Asia ended on a mostly higher note.

An avalanche of earnings report have been released since yesterday's close, and most have surpassed estimates; among those are Boeing, PepsiCo and Delta Air Lines.

Big tech earnings came late yesterday from Apple, which inched up in the premarket after earnings beat expectations, and Microsoft shares also are higher despite reporting a 7% drop in quarterly profit; also, Broadcom is indicated higher after beating estimates, while EA and Juniper are on track to open lower.

Treasurys enter the session on their highs, with the 10-year yield off one basis point at 2.45%.