Alibaba (NYSE: BABA) is one of the largest retailers and e-commerce companies in the world. Aside from e-commerce operations through its three main sites – Tmall, Taobao and Alibaba.com – the Chinese tech giant is involved in everything from cloud computing to payments and financial services.
US stock markets broke a five-day losing streak, with the Dow Jones leading the way. Alibaba (NYSE:BABA) shares are in the news.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO) continued its recent weakness with ASX Reporting Season a key drag on performance. Treasury Wine Estates Ltd (ASX:TWE) and BHP Group Ltd (ASX:BHP) remain in focus.
The S&P/ASX 200 (ASX:XJO) is heading towards a negative open on Thursday, following a mixed lead from US markets overnight.
US stock markets were mostly negative overnight, the S&P 500 and Dow Jones falling after an incredible run of new record closes.
The S&P/ASX200 (ASX: XJO) finished the first day of trading in the new financial year on a weaker footing, losing 0.6% with every sector apart from materials finishing down.
The three-day sell-off in US stock markets over inflation fears appears to have come to an end. Alibaba (NASDAQ:BABA) is making headlines.
US markets finished lower across the board on Monday. The S&P 500 ended flat with the Nasdaq falling 0.4% and the Dow Jones down 0.2%. Here are the big stories.
Another positive end to the week sent US markets higher on Friday, the Dow Jones up 0.9%, the S&P 500 up 0.8% and the Nasdaq up 0.5%.
The ASX 200 (INDEXASX:XJO) is set to open lower on Thursday. Premier Investments (ASX:PMV) and GrainCorp (ASX:GNC) shares are in the news.
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