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Apple, Nvidia, Kohl's Corp and Pfizer - PRE-MARKET

Last updated: 08:18 08 Jan 2018 EST, First published: 03:18 08 Jan 2018 EST

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Apple is a firm in the frame. It has been urged by shareholders to take action to curb children's smartphone addiction

Wall Street shares are seen starting lower on Friday, after the recent highs of the new year.

In pre-market trade, grocer Kohl's Corp (NYSE:KSS) is a notable mover, up 6.70% to US$58 as it posted results, which showed same-store sales for the holiday season climbed nearly 7% compared to a year ago.

The company also raised its full-year profit outlook and now expects 2017 earnings per share (EPS) to fall between US$4.10 and US$$4.20 compared to a previous forecast of between US$3.72 and US$3.92 a share.

Meanwhile, tech firm Nvidia Corp ( NASDAQ:NVDA) added 2.11% after hours and may well be a stock in focus today, as it emerged taxi app group Uber and Volkswagen have inked a deal to use the firm's AI (artificial intelligence) tech in their self-driving fleets.

Meanwhile, drugs giant Pfizer (NYSE:PFE) saw shares lose 0.41% to US$36.86 after hours. It has emerged that the group's decision to stop research and development (R&D) into new neuroscience drugs, including its work in Alzheimer’s and Parkinson’s diseases, will lead to about 300 jobs going.

Apple (NASDAQ:AAPL) shares may also be in focus, having slipped slightly in after hours deals (0.14%) to US$174.74 as two of the tech behemoths shareholders have asked that it assess the impact  of smartphones on children and young people.

 

Apple shares closed 1.14% up on Friday.

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