BUZZ-U.S. STOCKS ON THE MOVE-Chipotle, Apple, Gilead, Valeant
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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 1.66 percent at 16,797, S&P 500 futures were down 1.79 percent at 1,975.75 and Nasdaq 100 futures were down 1.97 percent at 4,395.25.
** APPLE INC, Tuesday close $102.71, -2.15 pct premarket
** NXP SEMICONDUCTORS NV, Tuesday close $82.39, -2.63 pct premarket
** SKYWORKS SOLUTIONS INC, Tuesday close $73.29, -2.70 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.