Stocks are in overdrive this morning after the Bank of Japan shocked the market by announcing that it would buy more government debt.
Joe Buglewicz for The Wall Street Journal S&P 500 futures have gained 1%, while Dow Jones Industrial Average futures have risen 1%. Nasdaq Composite futures have advanced 1.5%.
Boston Beer (SAM) has jumped 8.9% to $252 after its earnings easily topped the Street’s consensus due to lower costs and higher shipments.
Western Union (WU) has gained 2.4% to $17.10 after it beat earnings forecasts and said its full year profit would come in at the top of its previously announced range. MoneyGram International (MGI), however, has plunged 12% to $11.14 after reporting a 22 cent profit, well below forecasts for 33 cents.
Citigroup (C) has dropped 0.3% to $52.99 after reducing its previously released earnings due to increased legal expenses.
AbbVie (ABBV) has jumped 4.% to $63.65 after beating earnings, raising guidance and saying that it’s Hepatitis C drug could get FDA approval before the end of the year.
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