Stocks - Apple, Facebook, Ford Fall in Premarket Trade

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Stocks - Apple, Facebook, Ford Fall in Premarket Trade
Credit: © Reuters. - Stocks in focus in premarket trading on Tuesday:

• Apple (NASDAQ: AAPL ) stock inched down 0.1% in premarket trade by 8:20 AM ET (12:20 GMT) ahead of an expected announcement on pricing for its TV streaming service, which is scheduled to accompany the latest updates to its iPhone lineup.

• Facebook (NASDAQ: FB ) stock was down 0.5% while Google (NASDAQ: GOOGL ) was down 0.4% after U.S. states expanded their antitrust activity against big Internet platforms.

• Altria (NYSE: MO ) stock fell 0.6% after Piper Jaffray lowered its rating of the tobacco company to 'neutral' from 'overweight' due to concerns over its potential merger with Philip Morris International (NYSE: PM ) and increased regulatory scrutiny of vaping products, CNBC reported.

• Ford Motor Company (NYSE: F ) stock dipped 4.5% after ratings agency Moody's downgraded its bond rating to junk status on Monday.

• Ctrip.Com (NASDAQ: CTRP ) stock fell 3.2% after the China-based travel service’s revenue came in below forecasts.

• Wendy’s (NASDAQ: WEN ) stock slumped 6.7% after it announced it was spending $20 million to bring breakfast to more than 5,800 domestic locations. The company will have to hire 20,000 extra staff for the initiative.

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