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.
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