S&P 500 e-mini futures are trading higher today on the back of the strong corporate earnings. The asset is now well-positioned to attack the record high of 3029.50.
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Since last week, powerful corporate earnings have provided support to the stock market. For instance, Procter & Gamble Co surged more than 4% after raising full-year forecasts and beating market estimates. Furthermore, United Technologies Corp gained 1.6% on a forecast raise while surged as much as 40% after the company announced an optimistic plan to file for U.S. regulatory approval for its Alzheimer’s treatment.
Out of around 75 S&P 500 companies reporting results by Monday, over 80% had topped Street estimates