Wall Street slips as rate hike looms, Apple weighs

U.S. stocks were lower early on Tuesday afternoon, dragged down by Apple, as investors braced for an interest rate hike by the Federal Reserve next month and fretted about weakening demand in China. Apple's shares fell 2.8 percent to $117.22 after Credit Suisse said the company had cut component orders by as much as 10 percent, indicating weakening demand for its new iPhones. The report on Apple added to fears of a slowdown in global growth, especially in China, a key market for many U.S. compan