US STOCKS SNAPSHOT-Futures move lower after Apple stock drops about 3%

Reuters05-23

May 23 (Reuters) - U.S. stock index futures turned lower on Friday as shares of Apple dropped after U.S. President Donald Trump said the company would have to pay a 25% tariff if phones sold in the country are not made within its borders.

Shares of the iPhone maker AAPL.O dropped 3.1% to $195.26 in premarket trading.

At 07:29 a.m. ET, Dow E-minis YMcv1 were down 126 points, or 0.3%, S&P 500 E-minis EScv1 were down 19 points, or 0.32%, and Nasdaq 100 E-minis NQcv1 were down 88.25 points, or 0.42%.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Pooja Desai)

((Shashwat.Chauhan@thomsonreuters.com;))

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