Stocks: Apple Rises in Premarket; Facebook, HP Fall
Investing.com -- Stocks in focus in premarket trade Friday.
Apple (NASDAQ:AAPL) rose 1.5% after a report that it’s increasing iPhone 11 production by 10% in anticipation of what CEO Tim Cook called a big upgrade cycle in smartphones
BP (LON:BP) rose 0.3% after confirming that CEO Bob Dudley is to retire and be succeeded by upstream head Bernard Looney
HP Inc (NYSE:HPQ) fell 5.4% after saying it would cut up to 9,000 jobs, or 16% of its global workforce to bolster profitability. News of an expanded buyback and a higher dividend hasn’t helped soften the blow.
Facebook (NASDAQ:FB) fell 0.4% amid reports that key backers are getting ready to quit its digital currency project Libra
PayPal (NASDAQ:PYPL), Visa (NYSE:V) and Mastercard (NYSE:MA) were all in focus, after being cited by reports as likely to quit the Libra project.
Related Articles
Futures turn positive on moderate job growth in September
Exclusive: European Commission set to approve UK billion-pound power backup plan
Equality campaigner Helena Morrissey leaves Britain's Legal & General