S&P 500 Futures Sink Instantly After Apple Earnings

Perhaps the most anticipated earnings release for investors – Apple – is out, and the company missed expectations on a large number of metrics.

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.