“A better-than-expected report on the labor market didn’t give a lasting boost to stock futures, which traded mostly lower on investor disappointment over Apple’s quarterly results,” Tomi Kilgore and Alexandra Scaggs report for The Wall Street Journal.
“Less than 60 minutes ahead of the open… the technology-heavy Nasdaq 100 futures slumped 38 points, or 1.4%, to 2720,” Kilgore and Scaggs report. “Shares of Apple slid nearly 10% in premarket trading after the technology heavyweight reported fiscal first-quarter earnings that exceeded analyst expectations but revenue that fell short of estimates and iPhone sales at the low end of views. In addition, the second-quarter revenue outlook was below current projections.”
Kilgore and Scaggs report, “The stock was on track to open at the lowest levels seen since February 2012.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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