U.S. Stocks Head for Another Lower Open: Financial News - Yahoo! Finance
Shares of Apple fell more than 11 percent in premarket trading.
While investors worldwide remain concerned about the health of the U.S. economy, the Fed's rate cut and Wall Street's ability to come off its lows Tuesday helped drive a rebound in Asian trading Wednesday.
Japan's Nikkei stock average closed up 2.04 percent after falling 5.7 percent Tuesday. Similarly, Hong Kong's Hang Seng index surged 10.72 percent, showing its biggest gain in 10 years after falling 13.7 percent in the previous two sessions.
In morning trading in Europe, however, stocks fell. Britain's FTSE 100 fell 1.25 percent, Germany's DAX index fell 2.16 percent, and France's CAC-40 fell 2.10 percent.
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