Gapping down
AAPL -2.5% on reports of on reports out of Taiwan for reduced iPhone X orders
- Suppliers (SMH): LITE -3% SWKS -2.8%, QRVO -2.5%, CRUS -2.4%, FNSR -2%, MU -1.8%, AVGO -1.6%, JBL --1.5%, AMAT -1.3%, XLNX -0.6%, OLED -1%, TXN -0.3%
- Other tech stocks indicated lower (QQQ): NVDA -1%, AMD -1%, MSFT -0.5%
News:
- PTLA (-5%) FDA will extend its review of the Biologics License Application for AndexXa by 90 days
Analyst comments:
- AGRX (-8%) downgraded at Janney and William Blair after receiving complete response letter from the FDA for Twirla on Friday morning