Advertisement
Canada markets open in 8 hours 50 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7323
    +0.0000 (+0.00%)
     

  • CRUDE OIL

    83.86
    +0.29 (+0.35%)
     

  • Bitcoin CAD

    87,764.79
    -71.49 (-0.08%)
     

  • CMC Crypto 200

    1,386.63
    +4.06 (+0.29%)
     

  • GOLD FUTURES

    2,349.80
    +7.30 (+0.31%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,771.50
    +204.00 (+1.16%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,932.55
    +304.07 (+0.81%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Micron, Meta Platforms, Apple fall premarket; DraftKings, PacWest rise

Investing.com
·1 min read

Investing.com -- Stocks in focus in premarket trade on Monday, May 22nd. Please refresh for updates.

Micron (NASDAQ:MU) stock fell 4.3% after China prohibited major local infrastructure operators from purchasing chips made by the U.S. semiconductor firm.

Meta Platforms (NASDAQ:META) stock fell 1.2% after the tech giant was fined a record $1.3 billion by the EU’s lead privacy regulator for its handling of user information.

JPMorgan Chase (NYSE:JPM) stock rose 0.4% after the largest U.S. lender expected the purchase of First Republic Bank to boost its net interest income by $3 billion this year.

Apple (NASDAQ:AAPL) stock fell 1% after Loop Capital downgraded the iPhone maker to ‘hold’ from ‘buy’, expecting the company to miss its revenue forecasts.

ADVERTISEMENT

DraftKings (NASDAQ:DKNG) stock rose 3% after UBS upgraded its stance on the sports gaming company to ‘buy’ from ‘neutral’, citing new market penetration and higher revenue growth.

Nike (NYSE:NKE) stock fell 1.5% after Williams Trading downgraded its stance on the sportswear retailer to ‘sell’ from ‘hold’, saying the company faces many headwinds and the stock is expensive.

PacWest Bancorp (NASDAQ:PACW) stock rose 4.5% after the regional lender agreed to sell a portfolio of real estate construction loans, amounting to around $2.6B, to a unit of Kennedy-Wilson (NYSE:KW), up 1%.

Related Articles

Micron, Meta Platforms, Apple fall premarket; DraftKings, PacWest rise

State Street to offer proxy voting choices to retail investors

Factbox-Ford strikes multiple lithium deals to ramp up EV production