Dow futures drop more than 200 points after earnings drive Apple and Amazon lower – CNBC

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AFP

The tech giant’s stock traded more than 2%lower in after-hours trading. Both Apple and Amazon are amongst the companies that led the S&P 500’s return from the late-March lows and were 2 of the finest performers in April. Wall Street was coming off its biggest regular monthly surge in over 30 years, with the S&P 500 acquiring 12.7% while the Dow advanced 11.1%. It was the third-biggest monthly gain for the S&P 500 because World War II.”The sharp relief rally in equities has now moved ahead of underlying principles, leaving room for near-term frustrations,” they stated in a note to clients.

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