Twitter, Apple and Chevron Fall Premarket; Amazon Rises

Twitter, Apple and Chevron Fall Premarket; Amazon Rises

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, April 30th. Please refresh for updates.

Twitter (NYSE:) stock slumped over 12% after the social media giant offered disappointing revenue guidance for the second quarter, warned of rising costs. It said user growth could slow as the boost seen during the pandemic wanes.

Amazon (NASDAQ:) stock rose 2.6% after the online retailing behemoth posted record profits from pandemic shopping and indicated sales would keep growing even as customers emerged from their homes in the reopening U.S. economy.

Apple (NASDAQ:) stock fell 1.1% after EU antitrust regulators charged the iPhone maker with abusing its dominance in the music streaming market via restrictive rules.

Chevron (NYSE:) stock fell 2.7% after the oil major's first-quarter profit fell 29% on the year as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of the winter storm which cut output in some southern states.

Exxon Mobil (NYSE:) stock fell 0.3% after the oil producer posted its first profit in five quarters, but underperformed its European peers as higher oil and gas prices offset costs from