Earnings Drive US Stocks Higher – AAPL, CAT, TXN

Earnings driving this market as U.S. stock index futures rise. Apple Inc’s (AAPL.O) profits and sales streaked past Wall Street forecasts. The stock jumped 6.7 percent to $202.62 in premarket trade.

AAPL

U.S. machinery maker Caterpillar Inc (CAT.N) posted stronger-than-expected quarterly earnings and raised its full-year forecast. Caterpillar shares jumped 5.9 percent to $61.25 in premarket.

DuPont Co (DD.N) reported an 11 percent jump in third-quarter profit on Tuesday, topping estimates, but narrowed its earnings forecast for the year. The stock was up 2.8 percent to $35.58.

Texas Instruments Inc (TXN.N) recorded better-than-expected results on Monday, citing strong demand from the various industries that uses its chips. The shares rose 2.9 percent to $24.20 in light trading.

Drugmaker Pfizer Inc (PFE.N) said quarterly profit was up and beat estimates, while diversified U.S. manufacturer United Technologies Corp (UTX.N) reported a drop in profit, but still beat estimates. Pfizer shares gained 3 percent to $18.51, while United Tech added 0.2 percent to $65.55.

Coca-Cola Co slipped 2.2 percent to $53.60 (KO.N) premarket after the soft drink maker reported adjusted third-quarter earnings that were a penny above expectations.

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