Premarket: Apple and telecoms slide; Humana jumps ahead of U. Michigan
Apple falls ~2% on reports of reduced iPhone 18 Pro component orders. T-Mobile US, Verizon Communications and AT&T are down ~5%–6% after SpaceX acquired wireless spectrum to expand Starlink Mobile. Humana is up ~15% on improved Medicare Advantage ratings.
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Apple is down about 2% after reports of reduced iPhone 18 Pro component orders, while T-Mobile US, Verizon Communications and AT&T are falling roughly 5% to 6% after SpaceX bought wireless spectrum to expand Starlink Mobile. Humana is up around 15% after improved Medicare Advantage ratings. 1 previously, alongside inflation expectations and a scheduled appearance by Boston Fed President Susan Collins. AI spending concerns, oil prices, Treasury yields and consumer inflation expectations remain the main market drivers, with investors also positioning ahead of next week's major bank earnings and September CPI report.