"Apple Stock Plummets as Index Futures Slip in Today's Stock Market"

Stock futures in the U.S. slipped as concerns over higher interest rates persisted following strong services data, indicating a hot U.S. economy. The data highlighted the economic gap between the U.S. and other regions, with weak data from Europe and China further pressuring stocks and currencies in those areas. Apple shares dropped over 2% premarket as investors assessed the implications of China's ban on iPhone use for government officials. Treasury yields slipped but remained near 2023 highs, while European indexes fell after Germany's industrial production fell more than expected. Chinese stock benchmarks declined, and the yuan weakened as China's exports dropped for a fourth consecutive month.