The three biggest names of this afternoons earnings, Goog, Sbux, Msft all missed and are down around 4% each. This is huge because Goog and Sbux nflx all got hammered.
Logically this could mean the market takes heed and drops big tomorrow. BUT, if the market turns and rallies anyway, it would be a huge sign of the resilience of the market. We’ll see what happens.
Another interesting note: after schlumberger’s in line but huge reduction in income + super negative comments, oil futures are up at midnight.