BUZZ-U.S. STOCKS ON THE MOVE-Monsanto, Apple, Valeant, Fiat Chrysler
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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 1.57 percent at 16,812, S&P 500 futures were down 1.70 percent at 1,977.5 and Nasdaq 100 futures were down 1.93 percent at 4,397.25.
** APPLE INC, Tuesday close $102.71, -2.20 pct premarket
** NXP SEMICONDUCTORS NV, Tuesday close $82.39, -2.17 pct premarket
** SKYWORKS SOLUTIONS INC, Tuesday close $73.29, -2.58 pct premarket
Apple 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.
Shares of Apple suppliers NXP and Skyworks also fell after the report.