Apple's Stock Surge Keeping Dow Futures Positive

Apple Inc.'s stock soared 7.3% in premarket trade Wednesday, to keep the Dow Jones Industrial Average futures in positive territory ahead of the open. The $7.03 price gain in the stock would add about 48 points to the price of the Dow, which is a price-weighted index. Dow futures were up 46 points. Apple reported late-Tuesday fiscal third-quarter earnings and revenue that beat expectations. Raymond James upgraded the stock to outperform from market perform, citing better-than-expected iPhone sales.