“Nasdaq index futures fell on Wednesday after Apple became the latest high-profile company to miss earnings forecasts, though the broader market gained on a report that said the Federal Reserve was moving closer toward further stimulus for the sluggish economy,” Edward Krudy reports for Reuters.
“Apple earnings fell short of Wall Street’s expectations as the European economy sagged and consumers held off buying its flagship iPhone ahead of a new version expected in the fall,” Krudy reports. “Shares dropped 4.9 percent in premarket trading.”
Krudy reports, “Wall Street stocks fell on Tuesday, hit by signs the euro zone crisis is worsening and evidence that Europe’s slowdown is hurting U.S. companies, including bellwether UPS.”
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