U.S. Markets closed

Stocks - Micron, Qualcomm, Wells Fargo Fall Premarket

Investing.com - Stocks in focus in premarket trading on Friday:

• Semiconductor companies were in the spotlight in premarket trade by 8:20 AM ET (12:20 GMT) after Korean giant Samsung (KS:005930) said it expects second-quarter profit to have fallen dramatically. Micron Technology (NASDAQ:MU) fell 0.7%, while Qualcomm (NASDAQ:QCOM) was down 2.8% and NVIDIA (NASDAQ:NVDA) lost 0.5%.

• Amazon.com (NASDAQ:AMZN) stock slipped 0.2% after the U.K.’s Competition and Markets Authority told the e-commerce giant to pause its integration with meal delivery service Deliveroo, while it decides whether or not to launch an investigation into a possible competition breach.

• Bayerische Motoren Werke (OTC:BMWYY) stock is likely to see movement, after CEO Harald Krueger said he is not extending his contract with the automaker. The company is expected to appoint a replacement CEO later in July.

• Wells Fargo (NYSE:WFC) declined 0.3% after Reuters reported that the bank’s Irish subsidiary was fined 5.9 million euros for breaching regulatory reporting requirements.

Related Articles

Futures slightly lower before jobs data

BMW's Zipse poised to succeed Krueger as CEO: sources

Deutsche Bank's investment bank chief Ritchie agrees to step down