Stocks lower as post-earnings slide in Apple weighs
2016-10-26 09:59:43
Stock futures were lower through the early trading session, leading to a lower open for the broader market. Apple (AAPL) shares are under pressure following the company's earnings report last night and its weakness has put pressure on other market areas. Of the 150 S&P companies that have reported, about 75% have beaten expectations. However, many forecasts have been subdued, which may be contributing to the market's pullback on another busy morning for earnings reports. About 30 minutes into trading, the Dow is down 84 points, the Nasdaq is down 33 points and the S&P is…
Stock futures were lower through the early trading session, leading to a lower open for the broader market. Apple (AAPL) shares are under pressure following the company's earnings report last night and its weakness has put pressure on other market areas. Of the 150 S&P companies that have reported, about 75% have beaten expectations. However, many forecasts have been subdued, which may be contributing to the market's pullback on another busy morning for earnings reports. About 30 minutes into trading, the Dow is down 84 points, the Nasdaq is down 33 points and the S&P is down 10 points.