January 24, 2013 at 16:30 PM EST
Today's Stock Action: Bears Clobber Apple
Apple's (NASDAQ:AAPL) weak earnings report from yesterday afternoon drove the market leader down sharply and significantly dragged down tech stocks. The NDX-100 Index (INDEXNASDAQ:NDX)  finished the day 1.40% lower while the S&P 500 (INDEXSP:.INX) was flat. Other company reports out this morning showed numerous earnings beats but nearly every company missed on their revenues which is not a positive sign longer-term. From a sentiment perspective the American Association of Individual Investors survey showed that equity investors are the most bullish they've been since January 2011 typically a sign that a correction is on the horizon. Additionally the Bloomberg Consumer ...
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