What happened
Shares of several Chinese stocks trading on U.S. exchanges moved higher today after the large Chinese e-commerce platform Alibaba (NYSE: BABA) reported solid earnings results for the quarter ending June 30.
Wall Street was set for a muted open on Thursday as investors digested a fresh batch of earnings after a rally that made the previous session the best in a week, while the number of Americans claiming unemployment benefits rose slightly.
Consumer stocks were mixed premarket Thursday. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently advancing by 0.5%.
The NASDAQ 100 Pre-Market Indicator is up 24.35 to 13,277.61. The total Pre-Market volume is currently 98,980,545 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.19 at $35.83, with 4,812,821 shares traded. Th
U.S. stock index futures were trading flat on Thursday after a rally that made the previous session the best in a week, with investors looking forward to weekly jobless claims data for clues about the state of the labor market.
(RTTNews) - Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday net income for the first quarter halved from last year, hurt by a 1 decline in revenues and a decrease in the market prices of its equity investments in publicly-traded companies.
China's Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of COVID-19 lockdown.
China's Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending in late June, even though revenue growth was flat for the first time due to the impact of the Shanghai lockdown.
Alibaba's (NYSE: BABA) stock price plunged 11% on July 29 after the U.S. Securities and Exchange Commission (SEC) added the Chinese tech giant to its list of stocks that could be delisted. That threat has being hanging over Alibaba ever since the Holding Foreign Companies Account
Asian stocks rose in a choppy session on Thursday as a bit of nervous tension over Nancy Pelosi's visit to Taiwan dissipated and as investors took cues from robust U.S. data and earnings.
Will the Bank of England make history today by raising rates by 50 basis points? Probably. Will markets react much to this? Probably not. Over 70% of the 65 respondents to a Reuters poll expect the half-point increase, which is all but priced in by markets.
The following companies are expected to report earnings prior to market open on 08/04/2022. Visit our Earnings Calendar for a full list of expected earnings releases.Eli Lilly and Company (LLY)is reporting for the quarter ending June 30, 2022. The large cap pharmaceutical compa
The following companies are expected to report earnings prior to market open on 08/04/2022. Visit our Earnings Calendar for a full list of expected earnings releases.Eli Lilly and Company (LLY)is reporting for the quarter ending June 30, 2022. The large cap pharmaceutical compa
What happened
Nio (NYSE: NIO) shares jumped yesterday after the Chinese electric vehicle (EV) maker reported its July delivery numbers. But those gains reversed this morning after reports that one of its rivals may be teaming up with a well-known company to advance its autonomous
Alibaba Group Holding Limited BABA is scheduled to report first-quarter fiscal 2023 results on Aug 4.For the fiscal first quarter, the Zacks Consensus Estimate for earnings is pegged at $1.50 per share, indicating a decline of 41.6% from the prior-year quarter’s reported
It’s a busy week for earnings with over 1400 companies expected to report. While FAANG has already reported, there are still plenty of popular companies that will be reporting this week, including big names in the restaurant, tech, retail, energy and travel industries.
The NASDAQ 100 Pre-Market Indicator is down -26.59 to 12,921.38. The total Pre-Market volume is currently 37,128,094 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.22 at $33.14, with 2,362,354 shares traded.
Alibaba Group Holding Ltd said it would work to maintain its New York and Hong Kong stock exchange listings after the Chinese e-commerce giant was placed on a delisting watchlist by U.S authorities.
Reuters
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