Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,331.51
    +163.44 (+0.41%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,841.25
    +1,554.55 (+2.24%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,533.53
    +2.93 (+0.19%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV Rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, September 23rd. Please refresh for updates.

Costco (NASDAQ:COST) stock fell 2.5% after the big-box retailer reported a squeeze in its quarterly gross margins as it battles higher freight and labor costs, despite better-than-expected quarterly results.

FedEx (NYSE:FDX) stock fell 3.1% after the delivery giant reported weaker-than-expected fiscal first quarter results, pledging to speed up costs cutting and hike shipping rates to offset the impact slowing global growth on shipping volumes.

Apple (NASDAQ:AAPL) stock fell 1.6%, suffering with the other major tech stocks as interest rates rise, despite its multi-year deal to sponsor the Super Bowl Halftime show, starting in February.

ADVERTISEMENT

Boeing (NYSE:BA) stock fell 2.1% after the aircraft manufacturer agreed to pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about the safety of its 737 MAX.

Raytheon Technologies (NYSE:RTX) stock rose 0.1% after the Pentagon awarded the company a $985 million contract to develop prototypes for a hypersonic attack cruise missile.

Amazon (NASDAQ:AMZN) stock fell 1.7% after the Wall Street Journal reported about the online retail giant’s dangerous delivery practices.

Newmont (NYSE:NEM) stock fell 2.7% after Glencore (OTC:GLNCY) announced it acquire the gold mining company’s 18.75% stake in the Mara project in Argentina for approximately $125 million.

Domino's Pizza (NYSE:DPZ) stock rose 0.5% after BMO upgraded its stance on the fast food retailer to 'outperform' from 'market perform', predicting a 35% rebound in the stock.

FuboTV (NYSE:FUBO) stock rose 1.3% after Wedbush upgraded its stance on the sports-focused streaming service to 'outperform' from 'neutral', seeing the stock at a compelling entry level.

Related Articles

Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV Rise

France and international partners announce plans to aid food production hit by Ukraine war

Wall St heads toward June lows on growth worries