Top Stock Market Movers: Apple, Micron, Meta, PacWest, and More

Apple's stock fell after Loop Capital downgraded it to hold from buy, predicting that the company will fall short of its June quarterly revenue guidance. Meta was fined a record 1.2 billion euro by European privacy regulators over the transfer of EU user data to the U.S. Micron Technology's shares sank more than 4% after China's Cyberspace Administration barred operators of "critical information infrastructure" in China from purchasing products from Micron. PacWest's shares rose 3.5% after the bank sold $2.6 billion worth of construction loans to a Kennedy-Wilson Holdings subsidiary. Nike and Foot Locker's shares declined in premarket trading after Foot Locker missed on the top and bottom lines in its first fiscal quarter and lowered its guidance.