BUZZ-U.S. STOCKS ON THE MOVE-Apple, Verizon, Pioneer Natural, Valeant

Wed Jan 6, 2016 7:17am EST
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter,

U.S. stock index e-mini futures fell on Wednesday as China allowed its currency to weaken further and oil prices fell to their lowest in more than 11 years: Dow Jones industrial average futures were down 1.46 percent at 16,831, S&P 500 futures were down 1.55 percent at 1,980.5 and Nasdaq 100 futures were down 1.76 percent at 4,404.75.

** APPLE INC, Tuesday close $102.71, -2.30 pct premarket

The iPhone maker is expected to cut production of its latest iPhone models by about 30 percent in the January-March quarter due to mounting inventories, the Nikkei reported.

** VERIZON COMMUNICATIONS INC, Tuesday close $46.5, -2.15 pct premarket

The wireless carrier has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecoms conglomerate focuses on its core business.