Applied Materials, GameStop And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Friday.

Shares of Applied Materials Inc (NASDAQ:AMAT) fell sharply in pre-market trading y after the company announced that the U.S. Commerce Department expanded export restrictions that will negatively impact revenues.

After the market close on Thursday, Applied Materials said in a regulatory filing that the U.S. Department of Commerce’s Bureau of Industry and Security issued a new rule that expands the list of companies subject to U.S. export restrictions.

The company expects the new rule to further restrict its ability to export certain products to China-based customers without a license.

Applied Materials shares dipped 3.6% to $215.50 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

GameStop Corp (NYSE:GME) shares declined 5% to $25.87 in pre-market trading.
Two Harbors Investment Corp (NYSE:TWO) fell 3% to $9.79 in pre-market trading.
Bakkt Holdings Inc (NYSE:BKKT) declined 3% to $42.60 in pre-market trading after jumping over 28% on Thursday.
Niu Technologies – ADR (NASDAQ:NIU) fell 2.9% to $4.68 in pre-market trading.
Tronox Holdings PLC (NYSE:TROX) fell 2.5% to $3.96 in pre-market trading after gaining 4% on Thursday.
Pacific Biosciences of California Inc (NASDAQ:PACB) fell 2.1% to $1.40 in pre-market trading after adding 4% on Thursday.
Bed Bath & Beyond Inc (NYSE:BBBY) slipped 2% to $11.51 in pre-market trading after jumping 18% on Thursday.