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Stocks - Snap, UPS Rise Premarket; Google, Amazon, Boeing Fall

Stock MarketsJul 24, 2019 08:56AM ET
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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.

• AT&T (NYSE:T) stock lost 0.3% after it lost nearly one million pay-TV customers in the second quarter, which was offset by its wireless and media businesses.

United Parcel Service (NYSE:UPS) stock was up 4.4% after its earnings came in better than expected, supported by strong demand for next-day delivery.

• Texas Instruments (NASDAQ:TXN) gained 5.9% after its earnings encouraged hopes that global demand for chips will pick up in the second half.

• Snap (NYSE:SNAP) stock surged 10.9% after the social media app said it added 13 million daily active users in the last quarter. It reported a loss of $0.06 per share, which was less than expected.

• 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.

• Dunkin' Brands (NASDAQ:DNKN) ticked up 1.5% and Beyond Meat (NASDAQ:BYND) rose 4.6% after news that Dunkin' is adding Beyond Meat breakfast sausage to its New York menus.

Stocks - Snap, UPS Rise Premarket; Google, Amazon, Boeing Fall
 

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