U.S. Markets closed

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.


Related Articles

U.S. IPOs hope for stock market volatility reprieve

Wall Street set to open lower as trade tensions weigh

Bayer hires former J&J executive for more pharma deals