Company News for Apr 13, 2023

In this article:
  • Shares of American Airlines Group Inc. AAL decreased 9.2% even after it hiked its first-quarter profit guidance because the revised number still fell short of average analyst expectations.

  • Shares of Apple Inc.’s AAPL supplier Cirrus Logic, Inc. CRUS plunged 12.3% after reports emerged that the tech giant was considering changing the buttons on iPhone 15 and that the change would be particularly unfavorable for the supplier.

  • JD.com, Inc.’s JD shares lost 7.6% alongside other Chinese stocks traded in the United States, with escalating diplomatic tension between the two countries.

  • Dow Inc.’s DOW shares added 1.3% as the chemicals industry has benefited from a shift in global feedstock costs.

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