Apple Inc.’s stock AAPL, +2.33% surged 1.5% in premarket trading Friday, and was the biggest gainer among Dow Jones Industrial Average DJIA, +0.85% components ahead of the open, after a Nikkei report that the technology giant has asked supplies to boost iPhone production by 10%. The stock’s implied price gain would add about 23 points to the Dow’s price, while Dow futures YMZ19, +0.80% slumped 65 points. The stock’s gain would be enough to lift Apple’s market capitalization back above the trillion-dollar threshold, after a three-day stretch below that level. Apple shares have rallied 8.0% over the past three months through Thursday, while the Nasdaq Composite COMP, +0.92% has declined 3.7% and the Dow has slipped 2.8%.
Apple's stock gain would add over 20 points to the Dow
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