“U.S. stocks are slightly lower in Wednesday morning trading as tech stocks are hammered following weak results from Apple and Twitter,” Marley Jay reports for The Associated Press. “Energy companies continue to rise as the price of oil reached its highest price since November.”
“Apple fell $7.79, or 7.5 percent, to $96.54 after it reported its first decline in iPhone sales as smartphone sales slow down,” Jay reports. “Apple also reported its first decline in overall revenue since 2003, and it forecast similar results in the current quarter.”
“Twitter dropped $2.81, or 15.9 percent, to $14.94,” Jay reports. “The company’s first-quarter revenue fell short of expectations and its guidance disappointed investors.”
Read more in the full article here.
MacDailyNews Take: Reverberations.
Buying opportunity.
Recent history tells why… stock was at this price a few months ago before it climbed back to $112 for reasons not related to earnings… so.
BUY IDIOTS, BUY BUY BUY!!!!!!!!!!
someone killed themselves in a conference room..