BUZZ-U.S. STOCKS ON THE MOVE-Apple, Sophiris, Valeant, Gap, Scientific Games
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were lower on Tuesday, a day after Wall Street suffered its steepest drop in six weeks as investors braced for an interest-rate hike and fretted about China's economic health.
Dow Jones industrial average futures were down 0.15 percent at 17,648, S&P 500 futures were down 0.22 percent at 2,068.5 and Nasdaq 100 futures were down 0.46 percent at 4,631.5.
** APPLE INC, Monday close $120.57, -2.49 pct premarket
** AVAGO TECHNOLOGIES LTD, Monday close $126.5, -2.37 pct premarket
** CIRRUS LOGIC, Monday close $32.21, -2.92 pct premarket
** QORVO, Monday close $54.09, -3.86 pct
Credit Suisse is the latest broker to note weakening demand for the iPhone 6s leading to cuts in component orders from Apple to its Asian suppliers. CS's comments follow HSBC on Monday, which said that iPhone 6s and 6s Plus adoption after about 40 days of being on sale has been worse than the iPhone 6 and only marginally better than the iPhone 5. Supply chain stocks fell on the commentary.