24 July 2012

SP 500 and NDX Futures Daily Charts - APPL and Netflix

Stocks were lower much of the day, with a brief short covering pop into the close.

AAPL missed its numbers, both earnings and revenues in a big way, and the stock is down about six percent after the bell. They also guided lower on lackluster iPhone sales. There is some speculation that consumers are waiting for the new version.

Netflix is taking the gas pipe after hours, as it came in line on the numbers, but streaming subscribers was light. Stock is down ten percent.

Norfolk Southern nailed earnings but missed revenues.

UPS gave a forecast today that boded ill for the US GDP for the rest of the year, showing numbers in the one percent growth range.