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Stocks - Apple, Amazon Fall in Pre-market, Berkshire Hathaway Jumps

Published 11/05/2018, 08:17 AM
Updated 11/05/2018, 08:29 AM
© Reuters.  Stocks in focus in pre-market trade on Monday
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Investing.com - Stocks in focus in pre-market trade Monday:

• Apple (NASDAQ:AAPL) stock fell 1.82% by 8:11 AM ET (13:11 GMT) after the company reportedly told its top smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the iPhone XR.

• Amazon.com (NASDAQ:AMZN) stock dropped 0.67% as the company announced that would offer free shipping in the U.S. with no purchase minimum for the first time this holiday season. Separately, the Wall Street Journal reported that the company was in late-stage talks with cities to decide where it would place its second headquarters and the final decision could come this month.

Verizon Communications (NYSE:VZ) stock edged down 0.09% after the company announced that it plans to restructure operations into three units.

Berkshire Hathaway (NYSE:BRKb) stock jumped 2.77% after the company reported doubling its profit in the third quarter and said it had bought back $928 million of its own stock during the period.

• Lowe’s (NYSE:LOW) stock slipped 0.06% as the company announced that it would close 51 underperforming stores in the U.S. and Canada.

• Caesars Entertainment (NASDAQ:CZR) stock soared 5.46% as the New York Post reported that MGM Resorts had hired Morgan Stanley (NYSE:MS) to study a merger with the company.

• Sysco (NYSE:SYY) stock sank 6.02% after the company reported quarterly results that missed on the top and bottom lines.

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