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Amazon and Apple earnings await for the Nasdaq 100 futures after the close

In around 90 minutes from now we will get the first of two tech titans reporting their Q1 earnings. The first is Amazon, at around 8.05pm GMT and then at approximately 8.30pm GMT we have Apple. Naturally, as per yesterday evening those timings are the scheduled release, but not necessarily when the data will drop. So, for Amazon the markets are expecting Q1 EPS of $1.38 on revenue of $154.88 billion. For Apple it is an EPS forecast of $1.62 on revenue of $94.53 billion. Both are very much in the spotlight in view of all that has been happening over the past few weeks and we could easily see a surprise or two. So, it is likely the Nasdaq 100 and S+P 500 futures will move sharply after the closing bell. Actually, because Apple and Amazon are also Dow Jones components, that index will be in the mix as well. Earlier today the S+P 500 did meet its technical objective at 5,646.10. In fact it surpassed it earlier when reaching 5,658.91. The Nasdaq 100 nearly nailed a technical level too, at 20,052. However, it just fell short, when topping out at 20,024 and then falling back close to 19,800. As soon as the results from Amazon arrive, an update here will follow to see how the Nasdaq 100 futures have reacted after the closing bell. The index is trading right now at 19,930
 

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