By Ankur Banerjee
(Reuters) - U.S. stock futures were dragged lower on Friday by falls in shares of Apple and its suppliers, including Advanced Micro Devices and Qualcomm, following a report that the iPhone maker was planning to produce fewer new phones this year than last.
Apple Inc shares were down 1.3 percent in premarket trading after a newspaper report saying the company had asked its supply chain to manufacture about 20 percent fewer components for iPhones in the latter half of 2018.
Investors were also cautious ahead of a contentious G7 summit in Canada, with U.S. President Donald Trump saying on Friday he plans to leave the meeting with leaders of other major powers early as fears of a trade war ratchet higher.
While the Fed is widely expected to raise interest rates for the second time this year, the focus is on whether it will hint at rates being raised a total of four times in 2018.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)