US STOCKS-Wall St set to open lower as Apple weighs; Fed awaited
* Apple falls 8 pct after revenue falls first time in 13 years
* Twitter slumps 14.8 pct after revenue misses expectations
* Fed to release statement at 2 p.m. ET
* Futures down: Dow 38 pts, S&P 5 pts, Nasdaq 47.25 pts (Adds details, comment, updates prices)
By Tanya Agrawal
April 27 (Reuters) - Wall Street was set to open lower on Wednesday after Apple's first revenue decline in 13 years stirred investor concerns regarding the health of corporate earnings ahead of a policy decision by the Federal Reserve.
Tech-heavy Nasdaq futures fell more than 1 percent, dragged down by disappointing results.
Dow component Apple's shares were down 8 percent at $95.97 in premarket trading, while Twitter slumped 14.8 percent to $15.12 after its revenue missed expectations.
"That kind of miss is going to make people question if the corporate earnings as a whole is as strong as they think they are. I think it's going to rattle confidence," said Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts. Continuación...