Advertisement
Australia markets closed
  • ALL ORDS

    8,206.10
    +72.70 (+0.89%)
     
  • ASX 200

    7,959.30
    +69.70 (+0.88%)
     
  • AUD/USD

    0.6786
    +0.0024 (+0.35%)
     
  • OIL

    82.18
    -0.44 (-0.53%)
     
  • GOLD

    2,416.00
    -5.90 (-0.24%)
     
  • Bitcoin AUD

    86,696.59
    +1,542.80 (+1.81%)
     
  • CMC Crypto 200

    1,227.31
    +28.74 (+2.40%)
     
  • AUD/EUR

    0.6218
    +0.0001 (+0.02%)
     
  • AUD/NZD

    1.1082
    -0.0002 (-0.02%)
     
  • NZX 50

    12,134.97
    +76.68 (+0.64%)
     
  • NASDAQ

    20,331.49
    +120.13 (+0.59%)
     
  • FTSE

    8,252.91
    +29.57 (+0.36%)
     
  • Dow Jones

    40,000.90
    +247.15 (+0.62%)
     
  • DAX

    18,748.18
    +213.62 (+1.15%)
     
  • Hang Seng

    18,293.38
    +461.05 (+2.59%)
     
  • NIKKEI 225

    41,190.68
    -1,033.34 (-2.45%)
     

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

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