Stocks are surging this morning after the Republican Party took control of Congress yesterday.
Bloomberg S&P 500 futures have gained 0.6%, while Dow Jones industrial Average futures have risen 0.5%. Nasdaq Composite futures have advanced 0.6%.
Midstates Petroleum (MPO) has surged 21% to $3.46 after the independent E&P company easily topped analyst earnings forecasts.
Jamba (JMBA) has tumbled 9% to $11.74 after the juice store missed the Street’s earnings and revenue expectations. Jamba also announced a $25 million share buyback program.
EOG Resources (EOG) has jumped 5.3% to $59.05 after the oil & gas company beat earnings and revenue forecasts and upped its full-year production outlook. Devon Energy (DVN), meanwhile, has gained 3.5% to $58 after the independent energy exploration & production company also surprised to the upside and boosted its production guidance.
Time Warner (TWX) has risen 4% to $78 after the media company beat earnings and revenue forecasts and lifted its full-year earnings guidance.
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