The news was setting an optimistic tone for trading ahead of the Federal Reserve's upcoming policy announcement, which is due at 12:30 p.m. ET. Fed Chairman Ben Bernanke will meet the press after the announcement, adding to the drama of the day. Futures for the Dow Jones Industrial Average were up by 35 points, or 51.4 points above fair value, at 12,994. Futures for the S&P 500 were 8.1 points higher, or 10.5 points above fair value, at 1378, and futures for the Nasdaq were ahead by 50.5 points, or 48.7 points above fair value, at 2683.
NEW YORK ( TheStreet) -- U.S. stock futures were pointing higher early Wednesday after Apple ( AAPL) far exceeded Wall Street's expectations in its latest quarter, selling more than 35 million iPhones.
2012 Stock Predictions and Outlook
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