Following Tuesday's 74-point rise, the Dow Jones Industrial Average
Apple stock traded 9% higher at $611 overnight following second-quarter results that handsomely beat Wall Street estimates. Some 35 million iPhones and 12 million iPads were sold during January, February, and March, which pushed Q2 sales up 59% to $39 billion and helped earnings surge 92% to $12.30 per share. Cash flow of $14 billion helped Apple's bank balance top $100 billion.
Elsewhere, economic data may influence today's trading. Durable goods numbers will be published ahead of the open, while today's Federal Open Market Committee announcement at 12:30 p.m. EDT might provide clues to future economic policy -- including signals for further "quantitative easing" -- and perhaps some thoughts on the current eurozone debt crisis.
Over in Europe, investors continued to regain their poise following various political fears and the sharp sell-off on Monday. French, Spanish, and German shares advanced 1%-plus in Wednesday morning trade to consolidate similar gains made yesterday.
In the U.K., however, news of a "double-dip" recession restricted movements on the FTSE 100
Among British shares, GlaxoSmithKline
However, Glaxo is not the UK blue chip that has attracted billionaire Warren Buffett to invest more than $1 billion. The legendary investor recently bought a famous British name with global expansion potential -- and you can discover the name of the company and the price he paid in this latest free report.
Back home, earnings season remains in full swing today, with Boeing
Maynard Paton owns no shares of the companies mentioned. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.