Need to Know: This key Nasdaq gauge is topping out and Apple isn’t helping

The Apple faithful might need to stick their fingers in their ears and hum this morning. Ditto for the bulls who have been hanging on in this go-nowhere market.

The selling looks set to continue this morning, with Dow futures working their way toward a 100-point loss after the blue-chip gauge shed 54 points yesterday. Fingers of blame are pointing at the Colossus of Cupertino. Of course, sub-$50-a-barrel oil isn’t doing the market any favors either.

But clearly, some were ready to believe Apple could spin a miracle. Among the gripes, the company missed its revenue target, so the stock has been slumping in premarket trading.

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