US Stocks Open Mixed on Thursday; Alibaba and Grab Fall After Earnings

Tiger Newspress2023-05-18

The Dow Jones Industrial Average slipped Thursday as Wall Street traders weighed crosscurrents including debt ceiling talks, the Federal Reserve's next interest rate move and the latest corporate earnings.

China's Alibaba stock opened slightly higher and then fell more than 3%. Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business. Finance chief Toby Xu also said Alibaba's board has approved the process to start external financing for Alibaba International Digital Commerce Business Group and initial public offering (IPO) explorations for Cainiao Smart Logistics Group and the execution of the IPO for Freshippo.

Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking the shine off an otherwise positive quarter and sending the Southeast Asian company's shares down 3% in morning trading.

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miker9110
2023-05-19
miker9110
H
AcidIce
2023-05-18
AcidIce
Profirt earnings missed by 0.3Billion is NOT a big deal. The TOTAL amount profit is STILL USD$29 Billion that's STILL a good profit EVEN better than Coca cola! Then the shortist come in distrub!? KNS!
joshuatam
2023-05-18
joshuatam
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The TOTAL amount profit is STILL USD$29 Billion that's STILL a good profit EVEN better than Coca cola! Then the shortist come in distrub!? KNS!","listText":"Profirt earnings missed by 0.3Billion is NOT a big deal. The TOTAL amount profit is STILL USD$29 Billion that's STILL a good profit EVEN better than Coca cola! Then the shortist come in distrub!? KNS!","text":"Profirt earnings missed by 0.3Billion is NOT a big deal. The TOTAL amount profit is STILL USD$29 Billion that's STILL a good profit EVEN better than Coca cola! Then the shortist come in distrub!? KNS!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970654774","repostId":1164669912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970655790,"gmtCreate":1684417258111,"gmtModify":1684418433062,"author":{"id":"3575629711665222","authorId":"3575629711665222","name":"joshuatam","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970655790","repostId":1164669912,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":39,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1164669912"}