If you think the sharp declines in the market were all about Alibaba and Yahoo!, Cramer thinks you’re missing something critical.» Read More
eBay rose$. 07 or. 1 percent, to $52.47. Groupon Inc. fell$. 17 or 2.4 percent, to $6.80. LinkedIn Corp. fell $4.28 or 2.0 percent, to $206.89.
NEW YORK— Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. The Clorox Co. up $6.66 to $97.23. AutoZone Inc. down $21.06 to $505.38.
SAN FRANCISCO— Yahoo may be losing some appeal on Wall Street now that U.S. investors can buy directly into Alibaba. The sell-off came even though Yahoo reaped more than $9 billion last week from selling some of its stake in Alibaba, as the Chinese e-commerce company held a record-setting initial public offering of stock.
NEW YORK— Shares of Chinese e-commerce powerhouse Alibaba Group Holding Ltd. slipped 4 percent during its second day of trading as some investors took profits and the broader market trended lower. Still, the stock price was still well above the $68 price tag set before Alibaba's IPO on Friday.
eBay fell$. 33 or. 6 percent, to $52.07. Groupon Inc. fell$. 12 or 1.6 percent, to $6.86. LinkedIn Corp. fell $5.61 or 2.7 percent, to $205.56.
Apple Inc. rose. 1 percent to $101.06 with 50,126,900 shares traded. ChinaNet Online Holdings Inc. rose 62.8 percent to $3.19 with 36,915,600 shares traded. Cisco Systems Inc. fell. 9 percent to $24.97 with 20,807,700 shares traded.
Recent data in China has been disappointing, leading many analysts to lower their growth forecasts and hope for more aggressive accommodations from the government. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
Recent data in China has been weak, leading many analysts to lower their growth forecasts and hope for more aggressive accommodations from the government. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
Alibaba Group has reportedly sold additional shares of the company, making the listing of the Chinese e-commerce firm the biggest in history.
It's going to be very hard to compete with Alibaba, and it is skipping the notion of shopping malls, says Roger McNamee, Elevation Partners co-founder. And Jon Steinberg, Daily Mail North America CEO, says Alibaba shares are cheap right now.
eBay fell$. 15 or. 3 percent, to $52.25. Groupon Inc. fell$. 05 or. 7 percent, to $6.92. LinkedIn Corp. fell $1.62 or. 8 percent, to $209.55.
NEW YORK— U.S. stocks are opening lower as investors worry about some soft economic data from China and a profit warning by the British retailer Tesco. Yahoo fell 3 percent, the most in the S&P 500.. Sigma-Aldrich rose the most, 34 percent.
The Dow closed at a record high on Friday and the S&P 500 was little changed in a heavy volume session due to "quadruple witching," when stock options, index options, index futures and single-stock futures all expire, as well as the initial public offering of Alibaba Group.
NEW YORK, Sept 22- Sigma-Aldrich shares were surging on Monday, up 34.4 percent to $137.60 after German drugs and chemicals maker Merck KGaA said on Monday it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its life science business.
Some of the names on the move ahead of the open.
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
HONG KONG, Sept 22- Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba's investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba's IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010..
New money making opportunities lie ahead. “This stock has a history of reporting, then selling off, and rallying again," Cramer said.