US PRE-MARKET MOVERS: AAPL, META, NKE, LITE, NOW, Application Software names, Memory names

This pre-market update highlights mixed sentiment among major tech equities, particularly impacting names like Apple and ServiceNow, which are both seeing downward adjustments due to external challenges and analyst downgrades.

Newsquawk StaffPublished 10 Apr 2026, 12:41 UTCOn the live feed at 12:21 UTC — 15 more headlines followed before this page went public

Newsquawk headlinesUTC

12:29

US VP Vance says he believes negotiations with Iran will be positive, CBS reports; President Trump has given them some "pretty clear" guidelines.

12:28

A severe disagreement has emerged among senior government officials in Iran regarding the composition and powers of the negotiating delegation for US-Iran talks, Iran International reports

12:21

US PRE-MARKET MOVERS: AAPL, META, NKE, LITE, NOW, Application Software names, Memory names

12:17

Iranian delegation has arrived for negotiations, Pakistani media reports; primary negotiations between the US and Iran will occur on the 11th of April; No confirmed official info about the arrival of Iranian Parliament Speaker and FM, Al Arabiya reports

12:11

No borrowers expected to issue IG debt on Friday; next week expected to be active with around USD 40bln of new issuance projected, according to Bloomberg's daily survey

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ES +0.1% NQ +0.1% RTY flat

AAPL -0.7%: Led global smartphone shipments in Q1, +5% Y/Y, even as overall shipments fell due to a shortage of memory components
META +0.6%: Upgraded at CFRA
NKE -0.6%: Downgraded at Piper Sandler
LITE +5.5%: Demand from US hyperscalers for its optical components is accelerating & on track to fill its order books through ‘28
NOW -1.6%: Downgraded at UBS
Citi "turning more selective" in the application software group w/ 6 downgrades; SMWB -3.4% DOCU -2.2% VEEV -1.4% NICE -1.4% ADSK -1% CCC -0.9%
Mizuho reiterated ‘Outperform’ rating on memory, storage group & raised PT on some names incl. SNDK +2.5% & WDC +1.7%

Context

Conversely, Lite’s significant gain reflects strong demand from hyperscalers, indicating resilience in specific tech segments. Overall, the adjustments in ratings suggest a cautious approach within the application software group, potentially shaping investor sentiment and sector allocations today.

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