U.S. Markets closed

Stocks - FedEx, Google Fall in Pre-market; General Mills Jumps

Investing.com - Stocks in focus in premarket trade Wednesday:

· Google (NASDAQ:GOOGL) parent company Alphabet’s stock fell 0.1% by 8:15 AM ET (12:15 GMT) after news that the European Union hit the company with a $1.7 billion antitrust fine for blocking ad rivals.

· FedEx (NYSE:FDX) stock slumped 6.5% after its earnings missed estimates and it cut its 2019 forecasts due to the slowdown in global trade growth.

. Anheuser Busch-Inbev (BR:ABI) stock slipped 0.7% on news that it is changing up its board, with two representatives of private equity group 3G Capital departing.

· Tencent Music lost 5.2% after posting a loss of $130 million in its first quarterly results since going public.

· BlackRock (NYSE:BLK) stock inched down 0.3% as the company announced it is slashing the fee for its largest equity fund for institutional investors, the iShares S&P 500 Index Fund.

· General Mills (NYSE:GIS) gained 4.5% after announcing earnings that were higher than expected and raising its full-year forecast. The company reported earnings per share of $0.83 on $4.2 billion of revenue as organic net sales grew by 1%.

· Pfizer (NYSE:PFE) stock rose 0.2% after the pharmaceutical company announced it had acquired a 15% stake in gene therapy developer Vivet Therapeutics.

Related Articles

Seller's market seen aiding Illinois and Chicago bond issues

Former USC, Georgetown coaches to face charges in U.S. college admission scandal

LVMH briefly sinks almost 9 percent; traders suspect 'fat finger'