Wall Street Preview: Sprint, Snap and Pfizer in Focus
U.S. stock futures were pointing to strong gains for Wall Street on Tuesday, Aug. 1, with the Dow Jones Industrial Average poised to set another record ahead of earnings from the likes of Apple Inc. (AAPL) - Get Report and Pfizer Inc. (PFE) - Get Report . European and Asian stocks also traded higher on Tuesday. Stocks in the U.S. on Monday, July 31, finished mixed but the Dow ended the session with a closing high and its best monthly gain since February.
The Dow rose 0.28%, hitting a record close of 21,891. The blue-chip index rose 2.3% for July, its fourth month with gains and its largest increase since a 4.8% rise in February. It was the Dow's fourth session of records in a row.
Apple, the iPhone maker, is expected by analysts to report fiscal third-quarter earnings of $1.57 a share, up about 5% from a year earlier, on sales of $44.9 billion.
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