Stock Market Today: Futures Rise Dictated by Earnings Outlooks; Boeing Advances

NEW YORK (TheStreet) -- U.S. stocks were marching higher Wednesday, looking to extend the prior session's gains as investors become more optimistic that second-quarter earnings reports will drive the major indices to fresh, record highs.

Boeing (BA) shares were advancing nearly 2% to $131.90 after the aerospace giant hiked its 2014 earnings per share outlook to between $7.90 and $8.10 from its previous forecast of $7.15 to $7.35. Net earnings for the second quarter increased by 52% to $1.65 billion as its backlog remained strong at $440 billion with more than 5,200 commercial airplane orders.

Delta Air Lines (DAL) was adding on more than 2.5% to $38.68 after reporting that quarterly net income rose 17% to $801 million as passenger revenue increased 9.1% to $9.27 billion.

Dow Jones Industrial Average futures were up 19 points, or 6.46 points above fair value, to 17,052, while S&P 500 futures were rising 3.25 points, or 0.97 points above fair value, to 1,978.25 as the index edges closer to 2,000. Futures for the Nasdaq were ticking up 13.3 points, or 10.08 points above fair value, to 3,963.8.

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