Stock futures drop as Apple revenue miss halts stocks rally
NEW YORK (Reuters) – Stock index futures fell Thursday as a revenue miss by Apple triggered a slide of nearly 10 percent in its shares in after-hours trading, and analysts said equities may be due for a pullback after a six-day rally for the S&P 500. Apple Inc missed Wall Street’s revenue forecast for a third straight quarter after iPhone sales came in below expectations, fanning fears its dominance of consumer electronics is slipping. The shares dropped 9. 5 percent to $465. 40 in premarket trading, wiping out about $50 billion of its market value. . . .
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