Apple Revenue Miss to Challenge Stocks Rally
Published: Thursday, January 24th 2013
(Reuters) - The S&P 500 and the Nasdaq were set to fall Thursday as Apple slid nearly 10 percent following a revenue miss, and analysts said equities may be due for a pullback after a six-day rally.
On Thursday, S&P 500 futures fell 1.5 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 10 points and Nasdaq 100 futures fell 38.50 points.