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Struggling In The Wake Of Tech Giant Earnings

EQUITIES

E-minis consolidating around their late NY levels/showing slightly lower, albeit not testing their Thursday lows, yet, with the space struggling in the wake of after-market earnings reports from tech giants including Apple, Alphabet, Amazon & Facebook. While the headline numbers seen in the reports (revenue & EPS) were mostly beats, Thursday's Wall. St. rally (the buy the rumour sell the fact narrative) and some of the idiosyncracies surrounding the earnings releases are being identified as the drivers behind the pull back.

  • S&P 500 futures -34, DJIA futures -231, NASDAQ 100 futures -140.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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