Futures suggest higher open amid warning signs

theflyonthewall.com

Stock futures continue to point to a higher open as more companies report their earnings. General Electric (GE) reported that its earnings surged in Q1, and predicted that its profits would increase by the same amount this quarter. On the other hand, IBM (IBM) reported a rare EPS miss last night, exemplifying the troubles that the tech sector is enduring. In addition to the problems in the tech sector, many feel that the recent slide in gold prices does not bode well for global growth. They see the falling prices as a warning that a broader shock to the economy and stocks is on the way.

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