Added on Aug 19, 2010

Length: 03:17 | Comments: 0

U.S. stock futures are trading higher Wednesday following positive earnings reports. U.S. stocks rallied on Tuesday, breaking a five-session losing streak, following positive earnings and economic reports. In corporate news, Potash (NYSE:POT) remains in the spotlight after BHP Billiton (NYSE:BLT) bypassed the company and went directly to its shareholders with a hostile bid. Deere (NYSE:DE) reported fiscal Q3 EPS of $1.44, ahead of consensus estimates of $1.23 per share. Revenues for the quarter rose 16% year-over-year to $6.84 billion, topping consensus estimates of $6.52 billion. The Dow Jones Industrial Average (DJI) futures are trading 16.00 points above fair value, the S&P500 (INX) futures are trading 1.80 points above fair value, and the Nasdaq Composite (IXIC) futures are trading 3.50 points above fair value.

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