Stocks: Apple, Bank of America, Schlumberger All Fall in Premarket
Investing.com -- Stocks in focus in premarket trade on Tuesday, 3rd September.
Advanced Micro Devices (NASDAQ:AMD) fell 1.7% amid ongoing concerns about the strength of Chinese demand for its products as the trade war escalates.
Apple (NASDAQ:AAPL), whose iPhones aren’t affected by the tariffs that came into effect at the weekend but which will be hit when the next round kicks in in December, fell 1.0%.
Pan American Silver (NASDAQ:PAAS) stock rose 0.9% as silver prices headed towards a three-year high.
Exxon Mobil (NYSE:XOM)stock fell 0.3% as crude price tumbled amid signs of higher output from OPEC.
Schlumberge (NYSE:SLB) stock fell 3.0% as another drop in the Baker Hughes rig count, to the lowest since the start of 2018, underlined weakening demand for its services in the shale patch.
Bank of America (NYSE:BAC) stock fell 0.9%, a little more than its peers, amid continued pressure on bond yields that squeezes its lending margins.
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