US STOCKS-Wall St set to open lower on Apple, N. Korea worries

Reuters

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* Apple dips as iPhone X shipping date later than expected * Three Wall St indexes closed at record highs on Tuesday * Nordstrom gains as founding family picks buyout partner * Futures lower: Dow 14 pts, S&P 3.75 pts, Nasdaq 12 pts (Adds details, comment, updates prices) By Sruthi Shankar Sept 13 (Reuters) - Wall Street was set to open slightly lower on Wednesday, after a two-day rally, weighed down by a drop in Apple and as North Korea showed a trademark defiance over new U.N. sanctions. Apple's AAPL.O shares fell 0.83 percent in premarket trading after the highly-anticipated iPhone X was launched with a pricey $999 tag and a Nov. 3 shipping date that raised questions about supply constraints ahead of the holiday season. urn:newsml:reuters.com:*:nL2N1LT21G The stock ended lower after a volatile session on Tuesday. But, the drag by Apple was more than offset by a rise in bank stock, helping the three major Wall Street indexes close at record highs. Wall Street has been eking out record highs for most of this year, recovering from periodic setbacks caused by turmoil in Washington, questions over U.S. interest rate hikes and doubts about the Trump administration to push through its pro-business reforms, and lately, tensions over North Korea. "The slight weakness we're seeing this morning is after a two-day rally. The fundamentals and technicals, however remain strong," said Peter Cardillo, chief market economist at First Standard Financial in New York. "There are concerns over the bull run, which is on several hope factors. But the list of worries is still there, geopolitical problems are far from solved and perhaps maybe tax reform not happening until 2018 - that would dampen the prospect of a stronger stock market." North Korea continued to keep the market on edge, after vowing to redouble efforts to fight off what it said was the threat of a U.S. invasion. The simmering tensions pushed gold prices higher. urn:newsml:reuters.com:*:nL4N1LU1D1 At 8:30 a.m. ET (1230 GMT), Dow e-minis 1YMc1 were down 14 points, or 0.06 percent, with 8,571 contracts changing hands. S&P 500 e-minis ESc1 were down 3.75 points, or 0.15 percent, with 143,282 contracts traded. Nasdaq 100 e-minis NQc1 were down 12 points, or 0.2 percent, on volume of 14,035 contracts. Centene CNC.N rose about 6 percent premarket after the health insurer said it would buy privately held Fidelis Care for $3.75 billion to enter New York. urn:newsml:reuters.com:*:nL4N1LT58H Western Digital WDC.O fell more than 3 percent after Toshiba 6502.T agreed to focus on selling its chips unit to a group led by Bain Capital and SK Hynix 000660.KS , but did not rule out a deal with other bidders. urn:newsml:reuters.com:*:nL4N1LU1QF Nordstrom JWN.N gained 6.28 percent after a source said the Nordstrom family has selected private equity firm Leonard Green & Partners to help take the high-end retailer private. urn:newsml:reuters.com:*:nL4N1LT59N Micron Technology MU.O was up more than 1 percent after Goldman Sachs upgraded the stock to "buy" from "neutral". (Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 6328; Reuters Messaging: sruthi.shankar.reuters.com@reuters.net)) Keywords: USA STOCKS/

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