U.S. Stock Futures Fall After Apple Misses Estimates; Euro Slips
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U.S. stock futures fell after Apple Inc., the world’s biggest company by market value, missed analysts’ profit estimates for the first time since at least 2004. The euro weakened after Moody’s Investors Service cut Spain’s credit rating.
Standard & Poor’s 500 Index futures expiring in December declined 0.6 percent to 1,216.10 at 9:10 a.m. Tokyo time, after the measure added 2 percent yesterday. Apple sank 6.7 percent to $393.97. Futures on the Nasdaq-100 Index, which gets 15 percent of its value from Apple, lost 1 percent. The MSCI Asia Pacific Index added 0.5 percent as Japanese and Australian shares gained. The euro depreciated 0.2 percent to $1.3728. Oil and copper slid.