Wall St. set to open higher on Apple rally; Fed in focus

Investors are closely tracking quarterly earnings to support valuations, especially after a post-election rally pushed Wall Street to record highs. Apple's shares were up 4.40 percent at $126.69 in heavy premarket trading after the company's earnings and iPhone sales blew past expectations in the latest quarter. "With a bellwether company such as Apple reporting an encouraging set of numbers, it has brought the focus of investors back on company fundamentals," said Andre Bakhos, managing directo