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U.S. Day Ahead: Apple misses big time

Tuesday, July 24, 2012 - 02:27

July 24 - Apple reported earnings and revenues below expectations, sending its stock down in after market trading.

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Going into Wednesday investors will be looking for any news that could spark more selling especially in the wake of disappointing earnings from apple. US stocks took a beating Tuesday on more evidence the European debt crisis is hurting the bottom line up in corporate America. Also investors will be keeping a close eye on signs the Fed will move to stimulate the economy. Apple's revenue came in at 35 billion dollars that's -- million dollars less than Wall Street had predicted. To blame a stumble in iPhone sales stocks fell about 6% after the earnings release. And for results and morning aren't likely to show America is still facing a rocky road in -- up. Not even magic touch of the auto giants -- and around asking Alan Mulally can bolster its share price. That's been languishing added to your -- thinks she is concerned its sales could be hit. By the eurozone debt crisis. Is expecting Ford to -- over one billion dollars in the region. -- The rest of the earnings will be fully watch for any hits and misses over the number of arms topping estimates -- still above average but don't forget we are not even halfway through the S&P 500 yet. For the belt will get results from -- that caterpillar chronicle -- at the Boeing and Pepsi -- Also the NASDAQ Delta Airlines US Airways jetBlue and a LL. After the close bing -- Site -- clues on what FaceBook will see on Thursday when he reports that makes up 15%. Of FaceBook -- -- While you're talking -- for there today is none other than Treasury Secretary Timothy Geithner. He's testifying before a house panel on deep financial stability oversight council reports to congress. I won't be the main draw it'll be the first opportunity for lawmakers to cross examine Geithner on the Libor rate fixing scandal. And got ahead it seems buying new home was at the top of the list for many Americans and -- and I are expects sales to show change from last month. New home looks set to be hit by rising sales of distressed properties. Still a housing market is showing signs it is coming off. From its bottom. And stay with insider and -- TV rapidly from more expert analysis and reaction to stories like apple -- You can't catch insider on Twitter at ordered insider and check out our -- YouTube channel at Reuters dot com. Slash writers TV -- -- mom this is orders.

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U.S. Day Ahead: Apple misses big time

Tuesday, July 24, 2012 - 02:27