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Wall Street to open flat as trade worries linger; Apple event in focus


By Shreyashi Sanyal(Reuters) - U.S. stock index futures pointed to a flat open on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of three new iPhone models.Shares of Apple rose 0.3 percent in premarket trading, ahead of an event at 1 p.m. ET (1700 GMT). Wall Street is more focused on the price hikes for the latest line of iPhones as Apple looks to sustain revenue growth from its signature product even as global demand for smartphones plateau.Shares of energy companies were among the top gainers on the S&P 500 as ...

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First Published: Wed, September 12 2018. 18:32 IST