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US stock futures hold gains after Apple results- Nasdaq 100 in focus
Last night an update here noted the move higher in the US stock market futures following the Q1 earnings report from the US tech giant Apple. Those gains have been maintained during the Asian session today and right now the Dow Jones and Nasdaq 100 futures are exactly matching strides in percentage terms. Beyond the modest beat from Apple last night, the real driver for the gains could be the news; that they will launch the biggest buyback in US corporate history. Apple plans to buyback some $110 billion of its own stock. The Nasdaq 100 had already post a positive close last night, gaining 1.29% on the day, at 17,541. The index future has been pricing a reopening at above 17,700 earlier today. It is right now pricing it at around 17,645
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