By WSJ Staff
Boeing $(BA)$: Beijing has ordered Chinese airlines not to take further deliveries of Boeing planes and to halt purchases of aircraft equipment from U.S. companies, Bloomberg reported Tuesday. Boeing shares fell almost 3% in premarket trading.
Allegro MicroSystems $(ALGM)$: Allegro shares dropped 12% premarket after chip producer On Semiconductor $(ON)$, known as Onsemi, said it was withdrawing its acquisition offer for the company.
LVMH (FR:MC): Shares in the luxury bellwether dropped in Paris after its first-quarter sales missed expectations, weighed by trade tensions and faltering Chinese demand. Other luxury stocks also fell in Europe, including Burberry (UK:BRBY) and Gucci owner Kering (FR:KER).
Stellantis $(STLA)$: Auto stocks rallied in Europe and Asia after President Trump suggested the sector might get tariff reprieves. Stellantis shares advanced roughly 5% in Italy, while Toyota $(TM)$ gained 3.7% in Japan.
Citigroup (C), Bank of America $(BAC.SI)$ and Johnson & Johnson $(JNJ)$ are due to report quarterly results before markets open. Earnings from United Airlines $(UAL)$ are scheduled for after the close.
MP Materials (MP): Shares in the rare-earth company added another 5% premarket, after jumping 20% Monday, following a Financial Times report that President Trump plans to stockpile critical metals to counter China.
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(END) Dow Jones Newswires
April 15, 2025 05:28 ET (09:28 GMT)
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