US STOCKS-Wall St dips as Apple adds to fears of weakening demand

martes 10 de noviembre de 2015 10:51 GYT
 

* Apple falls as Credit Suisse reports components order cut

* China faces persisting deflationary pressure in Oct

* Gap falls after Oct comparable sales disappoints

* Indexes down: Dow 0.16 pct, S&P 0.09 pct, Nasdaq 0.48 pct (Updates to open)

By Abhiram Nandakumar

Nov 10 (Reuters) - U.S. stocks were lower on Tuesday morning, dragged down by Apple, as investors worried about China's economic health and braced for an interest rate hike by the Federal Reserve next month.

Apple's shares fell 2.5 percent to $117.52 after Credit Suisse said the iPhone maker had lowered component orders by as much as 10 percent. The stock was the biggest drag on the three major indexes.

The report on Apple added to fears of a slowdown in global growth, especially in China, a key market for many U.S. companies including Apple, ahead of the crucial holiday shopping season.

China's October inflation data on Tuesday showed persisting, if not intensifying, deflationary pressure. That followed disappointing trade data out of the world's second-largest economy over the weekend.   Continuación...