Stock futures are vacillating this morning, trading between modest gains and small losses in the wake of disappointing earnings from Merck ( MRK ). Today's markets are expected to be preoccupied by the deluge of earnings, specifically Q3 results from Apple ( AAPL ) which reports earnings after the close.
But despite the fractionally softer tone into the open, the equity markets should remain underpinned by encouraging Q3 earnings and easy money as the Fed is not expected to alter Q3 until possibly the first quarter of 2014.
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