Updated from 5:59 a.m. ET
 
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Here are five things you must know for Wednesday, Aug. 2:
 
1. -- U.S. stock futures pointed to gains for Wall Street at the open of trading on Wednesday, Aug. 2, with the Dow Jones Industrial Average poised to top 22,000 as shares of Apple Inc. ( AAPL) surged following its strong earnings report. 
 
On Tuesday, Aug. 1, the Dow began the new month with a bang, sealing a new record close for its fifth session in a row. 

The Dow added 0.33% to close at 21,962, a record close, after striking an all-time intraday high of 21,990 earlier in the session. The other major U.S. markets followed the Dow higher, though missed out on record closes. The S&P 500 increased 0.24% and the Nasdaq added 0.23%.

The economic calendar in the U.S. on Wednesday includes the ADP Employment Report for July at 8:15 a.m. ET, and Oil Inventories for the week ended July 28, at 10:30 a.m.
 
Economists surveyed by FactSet expect the ADP report to reveal that U.S. employers added 190,000 jobs to private payrolls in July.
 
2. -- Apple Inc. ( AAPL)  shares were jumping 6.7% in premarket trading on Wednesday after the iPhone maker soundly beat earnings forecasts and issued an outlook that seemed to allay worries over potential iPhone 8 delays.
 
Apple said it expects revenue in its fiscal fourth quarter, which ends in September, to be about $49 billion to $52 billion, a figure that tops analysts' forecasts and suggests that rumors of production and technical delays linked to the 10th anniversary iPhone release later this year were unfounded.
 
For its fiscal third quarter, the world's biggest tech company posted earnings of $1.67 a share on revenue of $45.41 billion. Apple said all-time iPhone sales topped the 1.2 billion mark during the three months ended in June after 41.03 million units were shipped during the quarter, a 1.6% increase from the same period last year.
 
Apple said it expects gross margin in the fourth quarter of between 37.5% and 38%.
 
Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now
 
"Apple is projecting another monster quarter over the next three months, and if management can deliver again, we expect the stock to continue its climb past its current highs," said Jim Cramer and the AAP team.
 
 
3. -- Earnings are expected on Wednesday from Tesla Inc. ( TSLA) , Fitbit Inc. ( FIT) , Marathon Oil Corp. ( MRO) , Occidental Petroleum Corp. ( OXY) , Transocean Ltd. ( RIG) , Williams Cos. ( WMB) , 3D Systems Corp. ( DDD) , Groupon Inc. ( GRPN) , NXP Semiconductors N.V. ( NXPI) , Square Inc. ( SQ) , Take-Two Interactive Software Inc. ( TTWO) , Zygna Inc. ( ZNGA) , MetLife Inc. ( MET) , Molson Coors Brewing Co. ( TAP) and Mondelez International Inc. ( MDLZ) .  
 
Humana Inc. ( HUM) reported second-quarter adjusted earnings of $3.49 a share; analysts expected $3.08. The health insurer also raised its earnings outlook for 2017.
 
NXP Semiconductors is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells NXPI? Learn more now. 
 

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