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Dow Explodes, Apple Ahead - 5 Things You Must Know Before the Market Opens Tuesday

1. -- U.S. stock futures were pointing to strong gains for Wall Street on Tuesday, Aug. 1, with the Dow Jones Industrial Average poised to set another record ahead of earnings from Apple Inc. ( AAPL) .

Stocks in the U.S. on Monday, July 31, finished mixed but the Dow ended the session with a closing high and its best monthly gain since February.

The Dow rose 0.28%, hitting a record close of 21,891. The blue-chip index rose 2.3% for July, its fourth month with gains and its largest increase since a 4.8% rise in February. It was the Dow's fourth session of records in a row.

Apple, the iPhone maker, is expected by analysts to report fiscal third-quarter earnings of $1.57 a share, up about 5% from a year earlier, on sales of $44.9 billion.

Investors will be paying close attention to iPhone sales, which dropped to 50.8 million in the second quarter from 51.2 million in the previous quarter. Apple's latest iPhone models, the 7 and 7 Plus, came out in September 2016.

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Pfizer Inc. ( PFE) reported second-quarter profit of 67 cents a share, topping estimates by 1 cent. Revenue of $12.9 billion came in just shy of forecasts.

The drugmaker raised its 2017 earnings outlook to $2.54 to...