WINDERMERE, Fla. ( Stockpickr) -- U.S. stocks are off to a bullish start today, after tech king Apple (AAPL) reported stronger-than expected results on Tuesday after the market close. Shares of Apple are responding positively, with the stock up over 50 points to $615, or around 9% in early trading.
Market players are now awaiting a Federal Reserve policy announcement and chairman Ben Bernanke's new conference, which will occur later today. Traders are eager to hear if Bernanke will make any hints at the possibility of more quantitative easing or if he will hint that the Fed could be done with its easy money policy.
Some traders believe that Bernanke will have a hard time convincing market participants that we need QE3 since Apple's numbers were so strong. That said, it's possible that Apple is simply taking market share from its competitors and the overall economy is nowhere near as strong. Only time will tell as we move deeper into earnings season and see how a broad base of companies perform from an earnings standpoint.