US-listed Chinese stocks rise premarket; Apple, Walgreens fall

Investing.com - US banal futures roseate connected Tuesday aft President Donald Trump stopped abbreviated of imposing cosmopolitan import tariffs pursuing his inauguration, portion investors eyed the imaginable for fiscal stimulus and taxation reductions during his administration.

US-listed shares successful Chinese companies jumped, successful a motion of capitalist alleviation that China had astatine slightest initially avoided harsh levies that person been projected by Trump. Alibaba (NYSE:), JD.com (NASDAQ:), PDD (NASDAQ:), and Baidu (NASDAQ:) each precocious anterior to the opening doorbell connected Wall Street.

Apple (NASDAQ:) shares slumped aft analysts astatine Jefferies slashed their standing of the iPhone shaper to "underperform" from "hold", and autarkic probe recovered that income successful China of the tech giant's flagship instrumentality plunged 18.2% during the December quarter.

Scotch tape-maker 3M Co. (NYSE:) reported fourth-quarter results that exceeded expert expectations, portion its 2025 net outlook was mostly successful enactment with statement estimates. Shares roseate successful premarket trading.

General Motors (NYSE:) shares accrued aft analysts astatine Deutsche Bank (ETR:) improved their standing of the carmaker to "buy" from "hold", adding that they expect the radical to station successful the high-end of its guidance scope successful the 4th quarter.

Urban Outfitters (NASDAQ:) shares gained aft analysts astatine Morgan Stanley (NYSE:) upgraded their standing of the covering retailer to "overweight" from "equal-weight", citing country for the stock's worth to turn contempt a caller rally.

Charles Schwab (NYSE:) shares spiked aft the fiscal services institution posted adjusted fourth-quarter net per stock that bushed mean expert estimates.

DR Horton (NYSE:) shares climbed aft the location operation institution backed its full-year gross and deliveries forecasts.

Walgreens (NASDAQ:) shares slumped aft the Department of Justice sued the pharmacy chain, alleging that it dispensed opioids and different controlled substances astatine locations crossed the US and ignored concerns astir the legality of the prescriptions.