Tech shares dive after hours on Apple warning, Nasdaq ETF loses 1 percent

It's going to be a tough day for technology stocks Thursday after Apple warned about first quarter results.

The Invesco QQQ Trust, which track the tech heavy Nasdaq-100 Index, lost 1.5 percent in after hours trading. Apple shares were still halted and will resume trading shortly. The S&P 500 ETF Trust lost 0.8 percent.

Apple said it sees first quarter revenue of $84 billion vs. previous guidance of a range of $89 billion and $93 billion. Analysts expected revenue of $91.3 billion, according to the consensus estimate from FactSet. Apple blamed most of the revenue shortfall for struggling business in China.

This is a developing story. Check back for updates.

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