U.S. stock futures sink as China announces retaliatory tariffs as U.S. import taxes take effect, sending global stocks lower; Delta Air Lines (DAL) stock rises as the company tops first-quarter estimates; Cal-Maine Foods (CALM) shares drop after the largest U.S. egg producer says it is cooperating with a Justice Department investigation; and Microsoft (MSFT) overtakes Apple (AAPL) as the world's most valuable publicly traded companyܫ as the iPhone maker's stock plummets on tariff concerns. Here's what investors need to know today.

1. US Stock Futures Fall on China's Retaliatory Tariffs

U.S. stock futures are dropping after China announced retaliatory tariffs on U.S. imports. Nasdaq futures are down 1.7% after the tech-heavy index 澳洲幸运5官方开奖结果体彩网:shed 2.2% Tuesday. 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are 2.1% lower and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are down 2.2% lower. Bitcoin (BTCUSD) is ticking lower to trade at around $76,000. Yields on the 10-🍸year Treasury note are jumping abo൩ve 4.4%. Gold futures are surging while oil futures are sinking nearly 6% to just over $56 a barrel.

2. Trump's 'Liberation Day' Tariffs Take Effect

President Donald Trump's 澳洲幸运5官方开奖结果体彩网:"reciprocal" tariff🐎s on U.S. trad𝔉ing partners took effect just after midnight ET Wednesday, targeting imports from China, the 澳洲幸运5官方开奖结果体彩网:European Union, Japan, and many other nations. Chinese imports face a 104% duty, while the EU was hit with a 20% tariff, Japan with a 24% tariff, South Korea with a 25% tariff, and Vietnam with a 46% duty, among others. 澳洲幸运5官方开奖结果体彩网:Global stocks plunged as the tariffﷺs took effect, with the Japanese Nikkei closing down by nearly 4%, and the Stoxx Europe 600 index is falling 4%, exacerbated by🦄 China's retaliatory move.

3. Delta Air Lines Q1 Results Top Estimates But CEO Warns of 'Uncertainty'

Delta Air Lines (DAL) reported 澳洲幸运5官方开♏奖结果体彩网:better-than-expected first-quarter results but said it is not affirming or updating full-year projections "given current uncertainty." Delta reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.46 on operating revenue of $14.04 billion. 澳洲幸运5官方开奖结果体彩网:Analys♔ts polled by Visible Alpha had forecast $0.39 and $13.89 billion, respectively. The company also said it was reducing planned capacity growth in the second half of the year. "With broad economic uncertainty around global trade, growt𝓰h has largely stalled," CEO Ed Bastian said. Shares are slightly higher in premarket trading.

4. Cal-Maine Foods S🦋tock Falls Amid DOJ Investigatio𝄹n Into Egg Prices

Cal-Maine Foods (CALM) shares are down 5% in premarket trading after the largest U.S. eggs producer announced it was cooperating with a Justice Department investigation into egg prices. "Management cannot predict the eventual scope, duration or outcome of this investigation and is unable to estimate the amount or range of potential losses, if any, at this time," the company said. Cal-Maine Foods reported that its 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) more than tripled year-over-year to $10.38 and revenue more than doubled to $1.42 billion as egg prices soared.

5. Microsoft Overtakes Apple as World's Most Valuable Company

Apple (AAPL) shares' recent plummet over tariff worries has knocked the iPhone maker from its position as the澳洲幸运5官方开奖结果体彩网: 𒐪world's most valuable public comp♒any. After its share price fell 23% over the past four sessions, Apple's market capitalization dropped to around $2.59 trillion to fall behind Microsoft's (MSFT) market cap of $2.64 trillion. Much of the production of Apple products comes from nations subject to Trump's tariffs, including China and India. Apple shares are 2% lower in premarket trading while Microsoft stock is down 1.7%.