The Market On Wednesday

At 7:15 a.m. futures are slightly up. CNN and Reuters are pointing to Apple's exemplary second quarter results and future forecasts as the cause for an expected upward bounce to the markets this morning. Apple computers are great, I've used them for 15 years.

Bernanke will be testifying before Congress today and when that man speaks, investors listen. Its all about the state of the US and world economy, and Bernanke is regarded as having a direct nerve connection to all that vast money activity.

CNN: Stocks set to get an Apple boost

The dollar was up against the euro, but down versus the British pound and the Japanese yen.


U.S. light crude oil for September delivery edged up 28 cents to $77.86 a barrel.

Reuters: Wall Street futures point to gains after Apple results

Markets are expected to focus on Federal Reserve Chairman Ben Bernanke's testimony to Congress due at 1800 GMT for fresh indications on the health of world's biggest economy, and policy signals from the central bank.