Investing.com – Oracle shares dropped 1.4% in pre-market on the New York Stock Exchange Friday after the US Department of Commerce announced it would ban US commercial transactions using social apps WeChat and TikTok on Sunday. Oracle aims to become a technology partner for Byte Dance's TikTok app.
Tesla shares surged 4.4% after several price benchmark updates ahead of its Battery Day event next week.
Apple shares Apple fell 0.1% as the tech giant is set to launch its first online store in India next week, which coincides with the country's holiday season and one of its largest annual retail sales.
United Parcel Service rose 0.9% after announcing a buyback offer to some of its employees to cut costs. WSJ previously announced that job cuts will take place in two phases – by the end of 2020 and mid-2021.
Delta shares fell 0.4% as Reuters reported the airline reached a preliminary agreement with the pilots union to reduce layoffs, bringing the total to 1,721.
Dave & Buster's shares jumped 7.7%, recovering from a sharp drop in the previous session, fueled by investors' worries about the possible bankruptcy of the company. However, analysts said this was an overreaction and the price cut offered a chance to buy cheap.
Lowe's Companies LOW fell 1% after Oppenheimer downgraded its rating to mid-market, lowering its target by $ 5 to $ 180.
Salesforce rose 0.6% after CEO Marc Benioff announced on Twitter that the company will create 12,000 jobs over the next year, including 4,000 in the next six months.
Written by Peter Nurse