Nasdaq 100 handing back earlier gains as Apple results await later this evening

The next update here will cover the important and eagerly awaited Q3 earnings report from Apple (AAPL). We noted earlier what the markets are expecting from this company in terms of earnings and for the benefit of those that did not see it earlier, we repeat that. The markets expect Apple to report Q3 revenue of $113.39 billion, with an EPS of $1.99. These earnings are expected to be released around 9.30pm GMT and they could have a profound impact on the US equity futures after the close, especially the Nasdaq 100 and S+P 500 indexes, where AAPL is ranked number two on both. 

So, earlier today the Nasdaq 100 officially reopened at 28,561 and moved higher in the first hour of live trading, reaching 28,753. However, since then the price action has been to the downside and the index just now traded below 28,500. It is still in credit though, given that it closed on Friday at 28,384. The Nasdaq 100 is currently trading at 28,507