US Futures in Red Tech companies boycott Huawei

Futures again show a negative start of the session on Monday after Alphabet (GOOGL.US) and other technology companies ceased relations with Chinese telecom giant Huawei. The change came after an order from the US Administration, which ordered a ban on Huawei's products in the US, and companies wanting to trade with the Chinese telecom should be licensed. Google has stopped its Android license for Huawei smartphones, while Qualcomm (NASDAQ: QCOM) and other semiconductor companies have stopped supplying hardware.

NASDAQ was down 1%, Dow sank 0.3% and S & P 500e red with 0.4%

Premarket:

Apple (AAPL.US) down 2% due to fears that the company may be hit by the new sanctions with Huawei.

Tesla (TSLA.US) is down 4.4% due to the concerns of analysts in demand for Model 3, and the company is also struggling with continuing concerns about its financial sustainability and is vulnerable to Chinese trade tariffs, the largest electric car market in the world.

Lyft (LYFT.US) fell 2.4% after the shared travel company was judged by investors for the initial public offering. The petitioner claims that Lyft has placed investors in a market position

Boeing (NYSE: BA) shares fell 1% after they found they could not reproduce the simulated simulator with the conditions that caused the two fatalities of 737-MAX.

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