10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, MSFT, YHOO, GPRO, CMG, T, DTV)

Before markets open on Wednesday, here's what you need to know.

Weak iPhone sales sink Apple. The tech giant earned $1.45 per share, topping the $1.41 that Wall Street was expecting. Revenue climbed 32.5% to $49.6 billion, edging past the estimate of $49.4 billion. But iPhone sales of 47.5 million units missed the target of 48.8 million. According to CEO Tim Cook, the iPhone miss was due to a lower channel inventory. The stock was down more than 7% in after hours trade.

Microsoft took a...

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