Stocks Climb With Focus Shifting to Earnings, Fed: Markets Wrap

  • S. equity futures climbed along with Europe stocks as a slew of corporate news and the Federal Reserve rates decision later Wednesday gave investors a fresh focus even as concerns linger over the deadly coronavirus. Treasuries gained with most European bonds.
  • Contracts on the S&P 500 index advanced after earnings beats from some of America’s biggest companies. Apple Inc. set the tone Tuesday, with sales forecasts topping estimates amid “uncertainty” caused by the virus outbreak that’s cutting retail traffic.

(Source: Bloomberg)