Investing.com - Stocks in focus in premarket trading on Wednesday:
• Shares of Google (NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN) all fell 1% in premarket trade by 8:20 AM ET (12:20GMT) after the U.S. Department of Justice announced it was launching an antitrust investigation into leading online platforms. The agency did not directly name the companies it was planning to investigate.
•Facebook (NASDAQ:FB) was down 1.3% after the Federal Trade Commission confirmed, as expected, that it is levying a $5 billion fine on the company for privacy violations.
• Boeing (NYSE:BA) stock slipped 1% after the airplane maker swung to a record quarterly loss, That's due to a $4.9 billion charge related to the grounding of its 737 Max jet. The company still wasn't able to give guidance as to when the model would fly again.
• Caterpillar (NYSE:CAT) stock slumped 3.4% after its earnings came in lower than expected, as the manufacturing bellwether reported a decline in sales in its Asian and Pacific region due to lower demand in China.
• Chipotle Mexican Grill (NYSE:CMG) stock was indicated up 3.1% after its earnings showed digital sales nearly doubled in the second quarter, allowing the company to raise its guidance for the year. It also approved a $100 million stock buyback.
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