© Reuters.

By Geoffrey Smith 

Investing.com — Stocks in focus in premarket trading on Tuesday, June 2nd. Please refresh for updates.

  • Apple (NASDAQ:) stock was down 0.3% after the company slashed prices for its new iPhone models in China to sustain sales momentum.
  • The move, evidenced by aggressive discounting on the country’s biggest e-commerce platforms, suggests that consumer demand is still struggling to recover despite the easing of lockdown restrictions since the pandemic eased.
  • Starbucks (NASDAQ:) stock fell 0.7% after reports saying that it is asking its workers to choose between reduced hours and unpaid leave, against a background of forecasts for only a slow recovery in the second half of the year.
  • Zoom Video (NASDAQ:) stock rose another 3.4% after breaking out 14% to a new record high on assumptions that the boom in remote working is going to be a long-term thing.
  • Zoom reports quarterly earnings after the close on Tuesday.
  • Harley-Davidson (NYSE:) stock rose 3.0% after the company said it had completed a raft of refinancing measures that ease its near-term debt concerns.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link