S&P 500 Futures Sink Instantly After Apple Earnings
Jan 24, 2013, 03:16 IST
Perhaps the most anticipated earnings release for investors – Apple – is out, and the company missed expectations on a large number of metrics.
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S&P 500 futures instantly shed 4-5 points upon the release:
Needless to say, it's no surprise that the broader market is headed lower. After all, Apple is the largest company on the market, it's the most widely-owned stock by hedge funds, and given its dominance in the American household and popular culture, it's a big name for retail investors as well.