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Nasdaq 100 futures down 1% as Apple falls on earnings

Nasdaq 100 futures fell more than 1 percent in after-hours trade as shares of Apple fell sharply on disappointing earnings.

See what Apple's suppliers stocks are doing after-hours.

U.S. stocks closed mixed Tuesday, with energy leading as oil climbed, ahead of major central bank meetings and earnings.

The Nasdaq composite closed mildly lower for its first four-day losing streak since Jan 11. ( Tweet This )

Apple closed nearly 0.7 percent lower ahead of its earnings due after the bell. The iShares Nasdaq Biotechnology ETF (IBB) closed 1.59 percent lower.

Health care and information technology were the two greatest decliners in the S&P 500. Tech closed about 0.4 percent lower on the day to join health care and financials as the only sectors negative year-to-date.

"Definitely a tug of war at present levels between the bulls and the bears. I (mostly) try to rely on the closing prices and what is the market doing into the close," said John Caruso, senior market strategist at RJO Futures.

"As long as we hold 2,050 I think the path of least resistance is to the upside," he said.

The S&P 500 closed up around 2,091, about 2 percent below its 52-week intraday high, with energy rising 1.4 percent to lead advancers.

"Today the standout sector is energy. People are beginning to look back to single stocks in this very beaten-up space," said Brian Fenske, head of sales trading at ITG. "With crude prices stabilizing, people are reviewing equity stories and individual companies."

U.S. crude oil futures settled up $1.40, or 3.3 percent, at $44.04 a barrel.

The Dow Jones industrial average squeezed out a 13 point gain but ended below the psychologically key 18,000 level. 3M and Procter & Gamble contributed the most to declines, while Boeing and DuPont were the greatest contributors to gains.

The major averages traded in a narrow range for much of the day before ending little changed.

"It's waiting to see what the central banks have to say and earnings otherwise," said Peter Boockvar, chief market analyst at the Lindsey Group.

While earnings have mostly beat lowered expectations, "it's the realization that earnings continue to be challenged and economic growth continues to be challenged," he said.

Apple, Chipotle and Twitter are among those scheduled to report after the closing bell.

3M reported earnings that beat on both the top and bottom line, helped by increased profit margins. However, net sales fell 2.2 percent from the same period last year. The...


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