4 ms·
AAPL dove 7.55% in after hours once the news hit, so a large gap down is very likely. Some skepticism was definitely baked in, but this is a very unusual move (
by jonknee 8y ago
AAPL dove 7.55% in after hours once the news hit, so a large gap down is very likely. Some skepticism was definitely baked in, but this is a very unusual move (no pre quarter warnings since 2002!).
All big tech joined in the selling as well so something like QQQ is going to be hit a lot harder than the S&P (QQQ down over 2% in AH).
- cinquemb 8y agoAnother thing is that yesterday made a triple top on ESH19 at ~2520 on the daily timeframe after all the pension buying last week of dec, so the recent run on equity indices were already facing some pretty stiff resistance.
- noitsnot 8y agoYes, the large gap down is a given, since 7.5% was already in after-hours. I guess I was thinking more long-term overall dive than daily. The markets have been pretty volatile for the past month or so. It's odd but a one day 500+ Dow drop isn't really unusual at this point.