By Katy Barnato
Apple $(AAPL)$: The stock pulled back Tuesday, helping Microsoft $(MSFT)$ overtake Apple as the world's most valuable company, after the White House said President Trump wants iPhones to be made in the U.S. Apple shares crept higher premarket Wednesday.
Alibaba $(BABA)$: Big Chinese tech stocks rallied Wednesday, despite the unveiling of 104% tariffs on China. American depositary receipts in Alibaba jumped 6% ahead of the open, after falling a similar amount Tuesday.
Cal-Maine $(CALM)$: The company said it was cooperating with a Justice Department probe into the jump in egg prices, which Cal-Maine attributed to the avian-flu epidemic. The egg supplier also posted higher quarterly revenue and profit. Shares dropped nearly 5% before the bell.
Airbus (FR:AIR): France's industry minister said Wednesday that U.S. tariffs destabilized cross-border supply chains, and highlighted the European aeronautics company in particular. Airbus stock fell nearly 3% in Paris.
Bang & Olufsen (DK:BO): The Danish consumer-electronics company said Wednesday it would raise prices further by May 1, in response to Trump's tariffs. Shares dropped in Copenhagen.
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(END) Dow Jones Newswires
April 09, 2025 05:41 ET (09:41 GMT)
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