Apple stock falls premarket
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U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.
The three major tech stocks in this analysis all look as if they are going to struggle a bit, as they are all lower in premarket trading on Monday. At this point, there should be buyers under current levels.
Shares of Deckers Outdoors fell 16% in premarket trading after the footwear group's on Thursday reported a [disappointing outlook for the current quarter](
AT&T agreed to buy Lumen Technologies' Mass Markets fiber internet connectivity business for $5.75 billion in cash, sending shares of the Denver-based firm soaring in premarket trading Thursday.
The three stocks in this analysis all look like they are going to be a bit soft in the early part of the session, as premarket trading is also reacting to the announcement of new tariffs against the EU starting June 1.
Analog Devices, Inc (NASDAQ:ADI) shares are trading higher in the premarket session on Thursday after the company reported fiscal second-quarter results. The company’s quarterly revenue increased 22% year-on-year to $2.
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U.S. markets edged lower before the opening bell Tuesday as the earnings season nears its end and the last major corporations post their quarterly performances.
WeRide shares rise after reporting $10M in Q1 revenue, expanding global robotaxi services, and announcing a $100M share buyback plan.
In response, the U.S. Congress passed the Federal Food, Drug and Cosmetic Act of 1938, granting FDA with “premarket review” powers to ensure that products were safe before they were marketed to the public. Congress expanded these powers in 1976 to cover devices and again in 2009 to include tobacco.
Shares of Ross Stores sank in premarket trading Friday, a day after the discount retailer pulled its full-year outlook due to the uncertainty caused by the Trump administration's shifting tariff policies.