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Farfetch shares slide on sales disappointment, while Applied Materials gains on upbeat results and other moving stocks

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Stocks on the move ahead of Friday's market open include Applied Materials and Farfetch, Ross Stores and Keysight Technologies.

Shares of Applied Materials Inc. AMAT, -0.48% rose 3.5% in premarket tradingross after the chip industry equipment supplier reported earnings and forecast an outlook that topped Wall Street expectations.

Shares of Ross Stores Inc. ROST, -1.88% rose more than 5% after the retailer beat Wall Street expectations for its second quarter and raised its guidance, saying budget-conscious customers are “responding well” to its off-price offerings.Shares of Farfetch Ltd. FTCH, -1.65% slid 35% after the luxury fashion company reported sales that were below Wall Street expectations.

Keysight Technologies Inc.’s stock KEYS, -0.50% tumbled 10% following a disappointing outlook from the electronics-design and test-solutions company. China-listed ADRs were under pressure as the People’s Bank of China boosted its yuan defense and property developer China Evergrande Group filed for bankruptcy protection in New York late Thursday. Shares of JD.com Inc. JD, -0.34%, Bilibli Inc. BILI, +0.72% and NIO Inc. NIO, +0.88% all fell by over 3%. Shares of Alibaba Group Holding Ltd. BABA, +1.72% dropped 2.5%.

 

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