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Stocks - Amazon, Netflix, Square Lead Losses in Pre-market; Delta Gains

2018-10-11 20:16    Investing

Stocks - Amazon, Netflix, Square Lead Losses in Pre-market; Delta Gains Stock News

© Reuters. Amazon, Netflix, Square Lead Losses in Pre-market

Stocks in focus in pre-market trade Thursday:

· Shares of Amazon (NASDAQ:AMZN) were down 2.4% as of 7:40AM ET (1140GMT), as the technology sector looked set to extend yesterday's steep losses. Netflix (NASDAQ:NFLX) slid 2.6%. Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL) also fell more than 1.5% each.

· Alphabet (NASDAQ:GOOGL) and Twitter (NYSE:TWTR) also traded more than 1% lower.

· Square (NYSE:SQ) stock plunged 10.6% following news that CFO Sarah Friar is stepping down. Friar will stay at the company until December before departing to become CEO of Nextdoor, a localized social network for neighborhoods.

· Fluor Corporation (NYSE:FLR) shares sank 15.5% after the construction company reported preliminary third-quarter earnings that missed analysts' expectations. Fluor will release final third-quarter earnings numbers on Nov. 1.

· Shares of Walgreens Boots Alliance (NASDAQ:WBA) slumped 2.5%, after the drug store chain beat fiscal fourth-quarter profit expectations but fell short on sales.

· Shares of Delta Air Lines (NYSE:DAL) rose 2% after the No.2 U.S. airline reported a third-quarter profit that beat analysts' estimates and forecast total unit revenue, a closely watched performance metric, to increase between 3%-and-5% in the fourth quarter.

· Compugen (NASDAQ:CGEN) shares soared 20% after Bristol-Myers Squibb said it will make a $12 million equity investment as part of a collaboration on a cancer treatment.

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