Yes, it is true. Apple (AAPL) bit it hard with its earnings report and is down over 5% after hours, currently trading -$31 to around $570 a share. Not only did Apple miss on revenue, but on guidance as well. Full breakdown at Yahoo Finance. Netflix (NFLX) also failed to impress and tumbled after hours (full breakdown). After hours charts of both below,
It is important to note that Apple's disappointing earnings release came after hours which means it is affecting tomorrow's futures. The S&P 500 ETF SPY is already trading down -.72% after hours.
Considering this week has already been a mess thanks to none other than Europe coming back into light, we are in a precarious spot technically speaking. I've included analysis of Spain's market index below.
Stay frosty out there.