Five Things Everyone Will Be Talking About Today
Apple's results jolt the technology world, it's another big day for Greece, and the temporary relief in the commodities world proved short-lived. Here are some of the things that people in markets are talking about this morning.
Apple's iPhone shipments and sales forecast missed estimates, sparking a 5.2 percent plunge in early market trading. Suppliers followed suit: Sharp, Dialog Semiconductor, ARM Holdings and Skyworks were among the dozens of other Apple supplier stocks that tumbled globally. If continued to the U.S. trading day, Apple’s drop could erase more than $35 billion in market value. That would drag the Nasdaq 100 down from a record reached Monday. Microsoft reported the company’s biggest ever net loss, while Yahoo's sales forecast missed projections. Both companies' stocks also dropped in premarket.