Dow Ends Lower as Sea of Red Sweeps Wall Street Ahead of Key Earnings; European stocks close lower amid uncertainty in global markets 
U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing (NYSE:BA) and a selling of long positions by hedge funds. 
Shares of videogame retailer GameStop Corp (NYSE:GME) and movie theater operator AMC Entertainment (NYSE:AMC) Holdings Inc each more than doubled on Wednesday, continuing a torrid run higher over the past week, as amateur investors again piled into the stocks, forcing short-sellers such as Citron and Melvin to abandon their losing bets. 
Apple announced earnings per share of $1.68 on revenue of $111.4B. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $102.54B. 
iPhone revenue, which makes up about half of total revenue, rose to $65.6 billion from $55.96 billion a year earlier, well above estimates of $59.86 billion. The higher-than-expected figure comes as the launch its iPhone 12 boosts its upgrade cycle. 
Tesla announced earnings per share of $0.8 on revenue of $10.74B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $10.47B. 
Facebook (NASDAQ:FB) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. 
Facebook announced earnings per share of $3.88 on revenue of $28.07B. Analysts polled by Investing.com anticipated EPS of $3.16 on revenue of $26.31B. 

The pan-European Stoxx 600 slid 1.1%, with basic resources falling 3.4% to lead losses while telecoms bucked the downward trend to add 1.5%. 
Source: CNBC