Stocks – Macy’s, Tech Data Rise Premarket; Facebook Falls

This post was originally published on this site
© Reuters. © Reuters. – Stocks in focus in premarket trading on Friday:

• Retail stocks were on watch in premarket trade by 8:40 AM ET (13:40 GMT) as the biggest shopping day of the year kicked-off. Macy’s (NYSE:) stock gained 0.5% in premarket trade and Foot Locker (NYSE:) stock was up 1% while Walmart Inc (NYSE:) and (NASDAQ:) were also in focus. Early data from Adobe (NASDAQ:) suggests that online sales will rise about 19% from a year ago.

• Pacific Gas & Electric Co (NYSE:) stock fell 2.5% after a judge ruled that the California utility can be held liable for damage caused by its power lines, making it easier for wildfire victims to secure compensation from PG&E’s role in the devastating wildfires last year.

• Facebook (NASDAQ:) stock inched down 0.2% after an outage on Thanksgiving lasted several hours and prevented access to its Facebook, Instagram, and Messenger platforms.

Chevron (NYSE:) stock was in focus after news that it is selling its stake in two Nigerian offshore oil and gas blocks as it moves its focus to U.S.-based production.

• Tech Data Corporation (NASDAQ:) stock jumped 12% after it agreed to a takeover bid from private-equity firm Apollo Global in a deal worth $5.14 billion excluding debt, or $145 per share.

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.