Stock futures rise as Apple tops expectations

Source: Reuters

NEW YORK (Reuters) – Stock index futures pointed to a higher open on Thursday with Apple Inc set to boost technology shares after it reported strong sales even as consumers tightened their belts.

Investors also awaited data on existing home sales for March and initial jobless claims. The report on the labor market is expected to show that initial claims at 635,000, according to Reuters data.

Apple (AAPL.O) posted results after Wednesday's close that topped expectations on strong sales of their popular iPhones and iPods. Apple's shares were up 3.3 percent at $125.55 before the opening bell.

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S&P 500 futures rose 6.50 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures climbed 59 points, and Nasdaq 100 futures added 17.75 points.

Read more: http://news.yahoo.com/s/nm/20090423/bs_nm/us_markets_stocks_43

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Apple Reports Second Quarter Results

Best March Quarter Revenue and Earnings in Apple History

http://www.apple.com/pr/library/2009/04/22results.html

you know

tell us about it

Several tasteless apps have popped in out of the nearly 200,000 apps "approved."

Pulled quickly.

;-)

deceptive, anti competitive activity.