US STOCKS-Wall St slips as rate hike looms, Apple weighs
* Apple falls as Credit Suisse reports components order cut
* China faces persisting deflationary pressure in Oct.
* S&P 500 set for worst five-day run since Sept. end
* Indexes down: Dow 0.17 pct, S&P 0.17 pct, Nasdaq 0.54 pct (Updates to early afternoon)
By Abhiram Nandakumar
Nov 10 (Reuters) - U.S. stocks were lower early on Tuesday afternoon, dragged down by Apple, as investors braced for an interest rate hike by the Federal Reserve next month and fretted about weakening demand in China.
Apple's shares fell 2.8 percent to $117.22 after Credit Suisse said the company had cut component orders by as much as 10 percent, indicating weakening demand for its new iPhones.
The stock was the biggest drag on the three major indexes. The S&P 500 was poised for a fifth straight day of losses, it's worst five-day run since the end of September.
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. Continuación...