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Stocks - Tesla, Nvidia, Applied Materials Sink in Pre-market; Nordstrom Surges

Published 08/17/2018, 08:23 AM
Updated 08/17/2018, 08:23 AM
© Reuters.  Stocks in focus in pre-market trade on Friday

© Reuters. Stocks in focus in pre-market trade on Friday

Investing.com - Stocks in focus in pre-market trade Friday:

• Tesla (NASDAQ:TSLA) stock slumped 2.40% by 8:10 AM ET (12:10 GMT) as chief executive Elon Musk confessed to The New York times that “this past year has been the most difficult and painful year of my career.” The report also suggested that efforts are underway to find a No. 2 executive to help take some of the pressure off Musk.

• Nvidia (NASDAQ:NVDA) stock sank 2.94% ahead of the open after the company issued a softer-than-expected guidance when it released quarterly results after Thursday’s close.

• Applied Materials (NASDAQ:AMAT) stock plunged 4.79% after the chipmaker forecast weaker-than-expected earnings per share for its fiscal fourth quarter.

• Deere (NYSE:DE) stock declined 4.64% after the company cut its fiscal full-year forecast for adjusted net income.

• Nordstrom (NYSE:JWN) stock surged 8.01% as it reported a same-store sales increase that smashed expectations and increased its profit guidance for the year.

• Apple (NASDAQ:AAPL) stock slipped 0.20% as the company said on Friday no customer data was compromised after Australian media reported a teenager had pleaded guilty to hacking into its main computer network, downloading internal files and accessing customer accounts.

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