© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Friday, September 16th. Please refresh for updates.
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FedEx (NYSE:) stock slumped 20% after the delivery giant pulled a financial forecast it had issued just three months ago, expressing concerns slowing global growth will dent shipping volumes.
- Uber (NYSE:) stock fell 3.9% after the ride-hailing company said it was in touch with the law enforcement agencies after a hacker claimed widespread access.
- General Electric (NYSE:) stock fell 4.3% after CFO Dybeck Happe said the industrial conglomerate was still grappling with supply chain bottlenecks which have made it tougher to deliver products to customers on time.
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Gap (NYSE:) stock fell 1.1% after Kanye West announced he was seeking to terminate the partnership between his Yeezy company and the apparel chain, saying it failed to meet its obligations under the contract.
- NCR (NYSE:) stock fell 17% after the tech company announced plans to separate into two independent publicly traded companies.
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Adobe (NASDAQ:) stock fell 2.4% after Bank of America downgraded the software company to ‘neutral’ from ‘buy’, saying it’s looking for clarity on its latest acquisition.
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Bed Bath & Beyond (NASDAQ:) stock fell 1.8% with the struggling home goods retailer set to close about 150 stores as it works to stabilize its finances.
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Invesco (NYSE:) stock fell 0.9% after the U.S. asset manager’s Chinese joint venture flagged economic risks ahead even while attracting $5.4 billion from local investors in the first half of the year.
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